Article 50: UK`s path to Brexit, explained

by 10:30 PM 0 comments
So what is Article 50? Article 50 states: "Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements. Story highlights Article 50 of Lisbon Treaty paves way for formal negotiations between EU and BritainOnce invoked, agreement on UK-EU relations has two-year deadline(CNN) British voters opted out of the European Union in last year`s historic referendum, but Brexit can`t actually get underway until Article 50 of the Lisbon Treaty is triggered. Within the Lisbon Treaty lies a 250-word, five-point framework, which outlines voluntary departure from the European Union. "The article specifies that the exiting state must notify the European Council of its intent so formal negotiations for a withdrawal agreement can begin.

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