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Tusk's "Flextension" offer to the UK - "the only reasonable way out" – The Guardian

The Guardian reports further insights into the latest report, citing a senior EU official, the European Council President Tusk is likely to offer Britain next week a flexible Brexit extension of up to one year.

Key Quotes (via Twitter):

“A senior EU official said Donald Tusk had described a flexible extension as "the only reasonable way out" during a long meeting with officials’ yesterday evening ahead of the 10 April summit.”

According to a senior official, Tusk told the room: "I would call it a 'flextension'. How would it work in practice? We could give the UK a year-long extension, automatically terminated once the Withdrawal Agreement has been accepted and ratified by the House of Commons".

“The official added that Tusk went on to say: "And even if this were not possible, then the UK would still have enough time to rethink its Brexit strategy. Short extension if possible and a long one if necessary...”

"It seems to be a good scenario for both sides, as it gives the UK all the necessary flexibility while avoiding the need to meet every few weeks to further discuss Brexit extensions.”

EU’s Moscovici: EU is following Italian growth very closely

The European Commissioner for Economic and Financial Affairs Pierre Moscovici was reported by Reuters last hour, as saying that “Italy is in a very de
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FX option expiries for Apr 5 NY cut

FX option expiries for Apr 5 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1200 871m 1.1250 2.2bn - GBP/USD: GB
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