Brexit vote could 'in theory' be reversed - EU minister Moscovici

Britain's vote to leave the European Union could "in theory" be reversed although there is a still a strong probability it will go ahead, said the European Commissioner for Economic and Financial Affairs Pierre Moscovici on Monday.

20 AUG 2018

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European Economic and Financial Affairs Commissioner Pierre Moscovici attends a parliamentary committee meeting in Athens, Greece, July 3, 2018. REUTERS/Costas Baltas

Moscovici was replying on French radio to a question related to a move by the co-founder of fashion brand Superdry (SDRY.L) to donate a million pounds ($1.28 million) to the campaign for a referendum on the final Brexit agreement.

Asked whether the Brexit vote could be reversed, Moscovici told France Inter radio: “It is, in theory...it is up to the British themselves who have made the decision to leave, to decide ultimately if they will or not, and how they will do it.”

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“The probability of Brexit is nevertheless very strong because there has been a vote of the people, a referendum...” added Moscovici.

Asked if there would definitely be a deal between Britain and the European Union regarding the terms of Brexit, Moscovici also replied: “Not necessarily.”

https://uk.reuters.com/article/uk-britain-eu-moscovici/brexit-vote-could-in-theory-be-reversed-eu-minister-moscovici