Published: Sat, January 13, 2018
Finance | By Loren Pratt

Spanish, Dutch have no new agreement on Brexit, Dutch official says

Spanish, Dutch have no new agreement on Brexit, Dutch official says

The Dutch finance minister is saying that there is no new agreement between Spain, Netherlands on British departure from EU.

Spanish economy minister Luis de Guindos and his Dutch equivalent Wopke Hoekstra met throughout the week to discuss their Brexit positions as both nations became concerned about the potential impact from higher tariffs and the implications of any agreement for the European Union budget, Bloomberg reported.

Spanish Economy Minister Luis de Guindos and his Dutch counterpart Wopke Hoekstra met earlier this week and discussed their common interests in Brexit, according to the person, who declined to be identified. "They are well-known positions that were exchanged", spokesman Coen Gelinck said. "We were there for a get-to-know-you meeting and we discussed the fact we both have strong ties with the United Kingdom and that it is in our interests that this is known", Gelinck said.

Spain's economy minister also denied there was any such agreement.

It comes after a report by Bloomberg that said Spain and the Netherlands are potentially open to a soft Brexit deal for the United Kingdom in order to maintain trade ties.

The pound jumped to the strongest level since the referendum in 2016, trading 1.2 percent higher at $1.3690. Some in the United Kingdom government favour keeping close ties with the European Union, the country's biggest trade partner, in what is known as a "soft Brexit", while others want a clean break.

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