EU Suggests Truce Imminent in Key Brexit Spat: Brussels Edition

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

A truce in the Brexit sausage wars could come today or tomorrow, the EU’s lead negotiator told lawmakers in Northern Ireland. “I remain confident that we can find a solution within the next 48 hours that will address both sides’ needs and concerns,” Commission Vice President Maros Sefcovic said. The U.K. has requested a three-month extension on a grace period for checks on chilled meats transported to Northern Ireland from elsewhere in Britain, which is due to expire tomorrow . While the EU has yet to formally respond, granting the request would provide breathing room for a longer-term solution — and avoid a trade war. In another positive development, a fresh spat over post-Brexit fishing rights has been averted for now after the British isle of Jersey extended a transition period for French vessels, allowing them to fish in its waters for three extra months.