Elections for the European Parliament - inevitable

26.04.2019 / 06:06

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It seems that Theresa May's plan to avoid participating in the European Parliament elections is about to fail.

It also appears that it will not be able to offer its deal once again to parliament for a vote next week.

May desperately fights to get Britain out of May 23rd, because this event threatens her party from losing, as they will be accused of failing to implement Brexit. Although in March, EU leaders agreed to extend the process by six months, the Prime Minister's goal is to ratify the deal before May 23rd.

Approaching the end of April, May has to accept the inevitable fact that the UK will have to organize the elections. May's next target will be to manage the deal by June 30th.

Parliament has so far rejected the May proposal three times. According to sources, she may approach this time differently in an attempt to pass a law through which to implement the deal instead of being put to a fourth vote. Parliament's doors are open to the deal for the next vote, but this is unlikely to happen. And if May's proposal is not included in Parliament's agenda for next week's next week, the government will have to accept the reality of the European elections.

The new tactics of the government seem to have emerged from the very logical conclusion that there is no way the deal passes unless something else is presented. And that he has the absolute chances of gathering a majority, which will also force the Labor Party to support May. The talks between the parties continue, but there is no confirmation for the moment when they will continue.

If negotiations with the Labor Party fail, the government will organize another batch of interim votes to reach consensus.

Source: Bloomberg Finance L.P.

Photo: Pixabay

Trader Martin Nikolov

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Elections for the European Parliament - inevitable

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