EU Looks to Johnson to Stop No-Deal Brexit With Talks Stuck

  • Onus on U.K. to signal willingness for progress, EU side says
  • British government says compromise is ‘wishful thinking’
WATCH: “The risks of a no-deal Brexit are probably higher now than they have been at any other point,” says Aviva Investors.Markets: European Open.” (Source: Bloomberg)
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The European Union will try to convince Boris Johnson to forge a compromise later this month in an attempt to stop the U.K. from breaking away from the bloc without a trade deal.

With the negotiations deadlocked, and the latest talks set to end Friday without a breakthrough, the EU is pinning its hopes on a dramatic intervention by the British prime minister when he speaks to European Commission President Ursula von der Leyen and EU Council President Charles Michel later this month, according to people familiar with the matter in Brussels.