4 - Treaties

4. Treaties

The Treaty of Lisbon is an international agreement that amends the two treaties which form the constitutional basis of the European Union

Article 50 is part of the Treaty of Lisbon and it is a plan for any country that wishes to exit from the E.U.

Any E.U. member state may decide to quit the E.U., but it must notify the European council and negotiate its withdrawal with the E.U.

Within two years they must reach an agreement

The exiting state cannot take part in any internal discussions about its departure

The Treaties will cease to be applied to the state that wants to draw out when the agreement becomes law or after two years from the exit notification

If the withdrawn state wishes to become a part of the E.U. again, the request will be submitted to the procedure according to article 49.

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