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Brexit Accord Is Already Being Hammered Out, Spain Says

  • Borrell reiterates EU position that deal won’t be re-opened
  • May is seeking legally binding tweaks to persuade MPs
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Borrell discusses Brexit, U.S. auto tariffs, and Spain’s upcoming election.(Source: Bloomberg)
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A Brexit agreement is already being hammered out in Brussels, according to Spain’s foreign minister, as the bloc seeks reassuring language that can convince British members of Parliament to back the deal.

Prime Minister Theresa May is heading back to Brussels on Wednesday, seeking changes to the divorce agreement. Even as European Union leaders are sounding downbeat -- with Commission President Jean-Claude Juncker saying Brexit is wasting his time -- Foreign Minister Josep Borrell sees progress being made. A summit in Egypt on Sunday is being touted as a possible opportunity for talks.