It's the only deal possible, says Barnier

The European Union’s chief Brexit negotiator Michel Barnier told Britain on Thursday the Brexit deal the bloc agreed with Prime Minister Theresa May was the only one possible, Reuters has reported.

Barnier was speaking to a nearly-empty EU parliament chamber as the bloc awaits the verdict from London where May is trying to sell the deal to her divided parliament, which will vote on it on Dec. 11. The EU insists the Brexit accord sealed after 18 months of talks will not be renegotiated. 

“Given the difficult circumstances of this negotiation and given the extreme complexity of all the issues of the British withdrawal, the deal that is on the table ... this deal is the only one and the best possible,” Barnier said. 

“Now is the time for ratification,” he said. 

The Bank of England said on Wednesday Britain risked suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it left the EU without a deal in four months’ time. 

“It’s not a question of winners and losers because Brexit is a lose-lose. There is no added value,” Barnier said.

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