European Commissioner for Economic and Financial Affairs Pierre Moscovici said on August 20 that Britain’s vote to leave the European Union could “in theory” be reversed. But the stressed there is a strong probability that Brexit will go ahead.
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 to the campaign for a referendum on the final Brexit agreement.
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.”
“The probability of Brexit is nevertheless very strong because there has been a vote of the people, a referendum…” added Moscovici.
However, as reported by the Reuters news agency, the chance of a deal between Britain and the EU is not certain. When Moscovici was asked if there would definitely be a deal regarding the terms of Brexit, he replied: “Not necessarily.”
