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What is Article 50?

brexit.lockelord.com
July 7, 2016

  • Article 50 of the Treaty of Lisbon gives any EU member the right to quit unilaterally, and outlines the procedure for doing so.
  • There was no way to legally leave the EU before the Treaty was signed in 2007.
  • Gives the leaving country two years to negotiate an exit deal.
  • Once set in motion, it cannot be stopped except by unanimous consent of all member states.
  • Any deal must be approved by a “qualified majority” of EU member states and can be vetoed by the European Parliament.

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