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EU countries back legal action against UK over post-Brexit grace period extension - Politico.eu
EU member countries on Tuesday backed the European Commission's proposal to take legal action against the U.K. over its decision to unilaterally extend the grace periods for Irish Sea border checks, diplomats said.

The support from national capitals comes as some EU diplomats raise the prospect of more far-reaching retaliation in the field of financial services in reaction to the British actions, which the EU says are violating international law. The British financial services industry has been awaiting a host of so-called "equivalence" decisions, not included in the Brexit trade deal, that will determine the ease with which it can access EU markets now that Britain has left the bloc's single market.

by Bernard on Wed Mar 10th, 2021 at 07:00:39 PM EST

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