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EU Ministers Agree Terms of "Painful' Brexit Divorce

timesheraldnews.com

European ministers signed off Britain's draft divorce deal on Monday as they launched a "painful" final week of negotiations on future cross-Channel ties, AFP reports.

Brexit negotiator Michel Barnier and the Union's Austrian rotating presidency said the negotiated text would be presented to EU leaders at a signing summit on Sunday.

Meanwhile, detailed discussions continue on a parallel political statement setting out the bloc's ambitions for future relations with post-Brexit Britain -- and on a possible extension to the transition period.

Britain will leave the Union on March 29 next year, but remain within its single market for a further 21 months as negotiators seek a deal to avoid a potential breakdown in trade between the key economic partners.

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