U.K. Threatens to “Walk Away” from Brexit Talks if No Deal by End of Next Week

from Zero Hedge

Prime Minister Boris Johnson has pressed ahead with his Intermarket Bill, calling Brussels’ bluff about its threats to sue London over what many have described as a unilateral violation of an international treaty.

As Brussels presses ahead with a drawn-out and tedious legal action – which will ultimately come to nothing since a decision might not arrive until after the transition period ends Dec. 31 – allowed per the resolution mechanisms hashed out in the withdrawal agreement, Johnon is once again drawing a line in the sand, upping the pressure by declaring Oct. 15 – ie a week from Thursday – as the UK’s deadline for a deal. Otherwise, it will walk away.

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