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3/20, 1:53 PM (Source: TeleTrader.com)
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EU to hold summit 4 to 6 weeks after Brexit trigger

The European Union is planning to hold a summit four to six weeks after the United Kingdom demands to leave the bloc, AFP reported on Monday.

The UK government announced earlier in the day that it will trigger Article 50 of the Lisbon Treaty on March 29. EU leaders said the UK can expect an initial response within 48 hours. However, the summit will most likely draw up a mandate for Michel Barnier who was chosen by the EU as its chief Brexit negotiator.

Earlier in March, EU leaders were told to prepare for a summit in the first week of April.

TeleTrader Newsroom / VP