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Britain and the European Union agreed on a draft proposal on their economic relations after Brexit. However, disagreement with Spain over Gibraltar will have to be resolved before EU leaders can accept the proposal.
British Prime Minister Theresa May's efforts towards the conclusion of the agreement are again thwarted, with Spain threatening to veto the draft proposal because of the situation around of Gibraltar.
Madrid opposes the passages of the agreement relating to future trade and security relations between the United Kingdom and the EU. The country insists that the situation around the small piece of British territory in the south of Spain be arranged separately.
Spain does not support this agreement until the situation is clear, Spanish Foreign Minister Josep Borrell announced after a consultation with the EU, Michel Barnier, and the EU ambassadors. Spain has long claimed sovereignty over Gibraltar. The people of the Gibraltar Peninsula, who voted almost unanimously against Britain's departure from the EU in the 2016 referendum, are very loyal to the country.
Spain alone can not stop the deal as it is approved if 20 of the 27 EU Member States are in agreement.
Draft proposal and "divorce contract"
The President of the European Council, Donbald Tusk, announced that an agreement in principle had been reached, a declaration that would have increased the rate of sterling by almost 1%.
This agreement would ensure that Britain remains close to its largest market and ensure that nothing will change by the end of the transition period until the end of 2020. [19659002"TheBritishwanttheBrexittobeorganizedfacethefuturewithconfidence"saidMay
Criticism
The May government approved the proposal regarding the country's future relations with the EU, but this agreement also prompted many politicians to leave the scene. The British parliament is divided on the proposal.
According to abc.net.au, a number of conservatives want a sharper break with the EU and blame May for "betraying" the Brexit. Opposition leader Jeremy Corbyn of the Labor Party has called the outcome of the "Worst of Worlds" negotiations, as Britain remains connected to the vast EU market but does not want to see it. has more say in governance.
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