Face-to-face negotiations resumed yesterday after European Union chief negotiator Michel Barnier arrived in London, a week after one of his team tested positive for coronavirus.
The UK, led by chief negotiator Lord Frost, is understood to believe that the potential benefits of a no-deal Brexit are underappreciated, despite dire warnings of the effect on businesses and the economy.
With just five weeks left until the United Kingdom finally exits the EU's orbit on December 31, both sides are calling on the other to compromise on the three main issues of contention - fishing, state aid and how to resolve any future disputes.
A phone call between Johnson and European Commission President Ursula von der Leyen could take place as early as this weekend and is seen as essential to get this deal over the finishing line.
Riso was part of Barnier's team during the Brussels negotiations with Theresa May's government and is seen as someone who can help to find a solution, the paper said.
A government source added: "These figures (on fishing) are risible, and the European Union side know full well that we would never accept this".
'There seems to be a failure from the European Commission to internalise the scale of change needed as we become an independent nation'.
It is the first time they have met face-to-face since Barnier went into self-isolation after a member of his team caught the novel coronavirus.
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Le négociateur de l'UE, Michel Barnier, de retour à Londres aujourd'hui — Brexit
La discussion est d'autant plus compliquée qu'il faut aussi laisser du temps aux Parlements européen et britannique pour ratifier un éventuel texte.
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However, it is understood that a potential path has emerged that could pave the way for agreement on one of the other main sticking points, the level playing field.
The two sides are trying to strike an agreement to govern their trading relationship once the UK's post-Brexit transition period ends in January 2021.
Home Secretary Priti Patel indicated that United Kingdom ministers were still ready to leave even at this late hour.
The UK left the bloc on January 31 this year and a "no-deal" final exit would snarl borders, spook financial markets and disrupt delicate supply chains that stretch across Europe and beyond - just as the world grapples with the vast economic cost of the COVID-19 outbreak.
"But at the same time we are preparing in the way in which our country would expect us to prepare for the end of transition".
"That is not just a word - it has practical consequences". This includes: setting our limits; Decide on a robust and principled support monitoring system; And control of our fishing waters.
British Prime Minister Boris Johnson told Irish leader Micheal Martin on Friday that he remained committed "to reaching a deal that respects the sovereignty of the U.K.", Johnson's office said.
Chaos is to be expected in British ports whether or not a deal is struck.
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