For the DUP the backstop
could present an existential threat, while for the Brexiteers it would hobble what they see as an opportunity for a more prosperous life outside the bloc.
"Today, the prime minister and I have agreed on the joint legally binding instrument relating to the withdrawal agreement, this instrument provides meaningful clarifications and legal guarantees on the nature of the backstop
[...] It complements the withdrawal agreement without reopening", Juncker added.
Offering warm support for his Irish guest, Tusk said the European Union will not gamble with peace" on the Irish border by removing the backstop
from the deal.I hope that tomorrow we will hear from Prime Minister May a realistic suggestion on how to end the impasse," he said.
In January, MPs overwhelmingly rejected the withdrawal deal that the government had negotiated with the EU, backing an amendment for the government to seek "alternative arrangements" to the backstop
May conceded that her government hadn't settled on a way to replace the backstop
, telling lawmakers that "there are a number of proposals for how that could be done." May said measures under consideration included a unilateral exit mechanism from the backstop
for Britain, a time limit to the backstop
and "mutual recognition and trusted trader schemes." The EU says the backstop
is an insurance policy and as such can't have a time limit or a get-out clause.
Asked repeatedly what could replace the backstop
in the deal he said: "There are a number of options, there are issues in terms of having time limits, issues in terms of exit clauses, issues in terms of technology and this will be the nature of the negotiation with the EU in the coming days."
would also ensure that no "tariffs, quotas, rules of origin or customs processes" will apply to UK-EU trade.
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Irish Prime Minister Leo Varadkar said he was willing to explore backstop
solutions so long as they did not allow the UK to unilaterally walk away from an open border.
The Tsubaki BRUS backstops
are designed to replace the Falk[R] BIF model external high- speed backstops
These steps are seen as interlinked because the banking capital rules are expected to reduce bank risk, which would allow more sharing of risk among euro zone countries in the form of a common backstop
to prop up the sector's rescue facility, known as Single Resolution Fund.