
© www.shutterstock.comBreaking up is hard to do.
Only significant economic damage from its 'mad' decision to leave the EU might force Britain to change its mind, the author of the Article 50 divorce clause said. The former Italian PM added that the "safety valve" was never really intended to be used. "When it comes to the economy they have to lose," said Giuliano Amato, as reported by Reuters.
Amato, who served as Italian Prime Minister in 1992-1993 and later in 2000-2001,
wrote the so-called Article 50 of the Lisbon Treaty. It is the starting point of the formal process by which the UK can abandon the EU.
The politician added that the
prospect of dire consequences for the UK economy could make Britain reconsider its position on exiting the union, although he admitted that it was very unlikely. "The more they realise that they are losing, then the more chance there is that in 2020 someone will do something about it," he said, noting however that this was an "absurd hope."
He added that a slight chance remains that a pro-EU party would take leadership and halt or postpone the Brexit process after Britain's national elections take place in 2020. "I
hope that the negotiations are dragged on so they won't be wrapped up by 2020. [Prime Minister Theresa] May wants to wrap things up by 2019, but it
will be easy to prolong matters."
Comment: Wow! No bias there! Interestingly, Hollande advised Britain to leave ASAP. Is he looking for a roadmap?
See also: Brexit, Article 50: What is it and why is it necessary?