Given the lack of clarity and the chaos surrounding Brexit, the likelihood that Britain will ask for an extension and EU’s acceptance of it, is high opined Jose Barroso non-executive chairman at Goldman Sachs who was also a former president of the EU Commission.
As per an assessment by former EU Commission President Jose Barroso, it is likely that Britain will delay Brexit and not leave the European Union as schedule on March 29, 2019. He opined that the EU will in most probability accept such a request of extension so as to avoid the chaos of a do-deal Brexit.
“I think the most likely scenario is not to do that in March of this year. We need more… preparations,” said Barroso, who now serves as a non-executive chairman at Goldman Sachs, to Sky News when asked to comment on the likelihood of Brexit happening on March 29.
He went on to add, “Even if there was a positive deal now, from a practical point of view, it’s obvious that everything is not ready. So I think the right thing to do is to have some extension, and I believe that if the UK demands an extension of Article 50, European Union countries will naturally accept it.”