Brussels Edition: Never-Ending Brexit Endgame

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

Another self-imposed Brexit deadline came and went as U.K. Prime Minister Boris Johnson and Commission President Ursula von der Leyen decided it was their duty to go the "extra mile." So what changed from the ill-tempered Brussels dinner that had both sides declaring a no-deal breakup was imminent? A new U.K. proposal floated with the EU over the weekend on the biggest outstanding disagreement — how to create a level playing field for businesses on either side of the Channel — might just break the deadlock. If that works, the U.K. could win concessions on the other main sticking point: EU fishing rights in British waters. Officials, some of whom worked 100 hours over the past week, will resume talks in Brussels this morning. At least we now know their only real deadline is Dec. 31.