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Yanis Varoufakis: Do not reset the Brexit clock

Any resetting of the clock would simply extend the paralysis, not speed up convergence toward a good agreement

Alarm clock with the colors of the EU flag and one UK star. Representing the countdown for Brexit in march 2019.
Alarm clock with the colors of the EU flag and one UK star. Representing the countdown for Brexit in march 2019. Photo: iStockphoto

The overwhelming defeat that Britain’s parliament inflicted upon Prime Minister Theresa May’s Brexit plan was fresh confirmation that there is no substitute for democracy.

Members of Parliament deserve congratulations for keeping their cool in the face of a made-up deadline. That deadline is the reason why Brexit is proving so hard and potentially so damaging. To resolve Brexit, that artificial deadline must be removed altogether, not merely re-set.

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