On Sunday, November 25th, at a special meeting of the European Council in Brussels, the European Union approved the BREXIT deal proposed by British PM Theresa May. The leaders of the 27 countries remaining in the bloc endorsed both the Withdrawal Agreement and the Political Declaration. The Withdrawal Agreement is a compromise that keeps Britain outside the EU with no say in its operation, but still subject to the rules and obligations of membership until at least 2020. The Political Declaration sets the course for the U.K.'s relationship with the E.U. once Brexit is complete.
Problematic for the process is that the deal must be approved by the U.K. Parliament, where no party has a majority and the sentiment of individual MPs range from “burn all bridges” to reconciliation, to reconsideration. PM May plans to hold a vote ahead of Parliament’s Christmas break on December 20th. She is banking on the acceptance of an imperfect deal instead of a No-Deal-Bexit and its associated financial turmoil, gridlock at UK ports, and shortages of essential goods.