Bloomberg

Europe's next big gamble - that Boris Johnson will blink first

Michel Barnier, chief negotiator for the European Union (EU), speaks during a news conference following the first round of Brexit trade talks in Brussels, Belgium, on March 5, 2020. Foto: Bloomberg/Geert Vanden Wijngaert

The European Union is betting that British Prime Minister Boris Johnson wants a trade deal so much he will compromise to get one.

With talks between the two sides locked in a stalemate and the chances of agreement before a key summit in June looking slim, EU officials say they see no reason to change tack. When chief negotiator Michel Barnier warned on Friday that an agreement may be impossible to reach, his comment was as much to do with putting pressure on the U.K. to back down as it was about signaling an imminent collapse of the talks, they said...

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