U.K. Prime Minister Theresa May traveled to Berlin and Paris Tuesday for talks with the German and French leaders in a bid to secure backing for a second delay to Brexit.
div > div.group > p:first-child"> The talks come before EU leaders meet in Brussels on Wednesday for an emergency summit dedicated to Brexit. At the EU Council meeting, the remaining 27 EU leaders will have to decide whether or not to grant the U.K. more time before it leaves the bloc — which was due to take place on Friday.
Therefore the U.K.'s fate is now largely in the hands of its European neighbors and the U.K. will have to justify asking for more time when no consensus appears forthcoming. "A no-deal Brexit would be mainly a problem for the U.K. but it would have negative spill-overs for the euro zone as well. At the end of the day, the EU leaders including Macron will concede an extension but of course there will be conditions attached to it," she told CNBC's"Squawk Box Europe."
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