Bloomberg citing three people familiar with the talks
- U.K.'s Brexit transition ... many governments are willing to push the expiration date beyond the December 2020 deadline they'll set out as their official stance
- During internal discussions in Brussels, several nations, including Hungary, Sweden and Ireland, lobbied for a more flexible approach to the length of the transition phase than the one finalized by diplomats this week, three people familiar with the talks said
- Privately, many EU officials believe the transition period will be prolonged as it becomes obvious to the U.K. government that the type of trade deal it wants will be difficult to reach within the the next three years.
