German EU commissioner doubts Brexit will happen

Source: The Local

Oettinger told Germany’s daily Bild that he assumed June’s referendum outcome in favour of Britain exiting the EU was “binding”.”But it is possible that public opinion will tip if the economic situation in the wake of the Brexit vote worsens,” said Oettinger, who is Digital Economy Commissioner.”In any case, I wouldn’t place any major bets on Brexit.”Oettinger predicted that the longer the British government waited to trigger Article 50 of the EU’s Lisbon Treaty – the legal process for leaving the bloc – “the more insecure the situation will become – economically and politically”.Once Article 50 is triggered, it would start a two-year countdown to Britain’s exit from the European Union.

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