EU's Tusk proposes 12-month 'flexible' extension to UK's Brexit date

The chairman of European Union leaders Donald Tusk is likely to offer Britain a flexible extension of the date of the country's exit from the EU of up to one year, with the possibility of leaving sooner, a senior EU official said.

The official said the option could be presented to British Prime Minister Theresa May at the EU summit on Brexit on April 10th in Brussels. If May accepted, Britain would have to hold elections to the European parliament in May, the official said.

"The only reasonable way out would be a long but flexible extension. I would call it a 'flextension'," the official said.

"We could give the U.K. a year-long extension, automatically terminated once the Withdrawal Agreement has been accepted and ratified by the House of Commons," the official said.

"And even if this were not possible, then the U.K. would still have enough time to rethink its Brexit strategy. A short extension if possible, and a long one if necessary. It seems to be a good scenario for both sides, as it gives the U.K. all the necessary flexibility, while avoiding the need to meet every few weeks to further discuss Brexit extensions," he said.

Britain's exit from the EU, nearly three years since the country voted to leave the bloc, is now in doubt because the British parliament cannot decide what exit terms it wants, just a week before the current Brexit date of April 12.

May offered to quit to get her deal passed but it was defeated for a third time last Friday, the day Britain was originally due to leave the EU.

She is now in talks with opposition Labour Party leader Jeremy Corbyn to find a way out of the deadlock, but it is not clear if they can find a solution in the next few days.

A request for an extension, if May makes one, would have to be backed by sound arguments why the EU should grant it, officials said. Britain's BBC reported that May would make such a request on Friday.

"If we are not able to understand the reason why the U.K. is asking for an extension, we cannot give a positive answer," French Finance Minister Bruno Le Maire told reporters in Bucharest, when asked about the possible 12-month extension.