Edition: International | Greek
MENU

Home » EU Actually

‘The risk of a no-deal Brexit is increasing, and that’s not a bad thing’ for the UK

The UK and the EU must reach an agreement on their future relationship by the end of October, otherwise a hard Brexit will be a fact on January

By: N. Peter Kramer - Posted: Monday, September 7, 2020

‘The risk of a no-deal is increasing, and that’s not a bad thing’, wrote the Financial Times’ Europe commentator, Wolfgang Munchau last week.
‘The risk of a no-deal is increasing, and that’s not a bad thing’, wrote the Financial Times’ Europe commentator, Wolfgang Munchau last week.

by N. Peter Kramer

The UK and the EU must reach an agreement on their future relationship by the end of October, otherwise a hard Brexit will be a fact on January 1. But negotiations have not progressed at all. The most important reason for this is the firm position of EU “negotiator” Michel Barnier. So far he has only put EU demands on the table without showing any willingness to compromise. In Brussels, Eurocrats, whether by arrogance or unwarranted conviction, have never understood that the majority of the Brits want to be an independent country and do not want to be a vassal of ‘Brussels’ bureaucracy.

However, it seems that on the EU side there is a growing realisation that Barnier cannot maintain this ‘maximalist’ position. It is clear that some individual member states, and by no means the least important ones, will have to pay heavily for the consequences of a hard Brexit. But maybe these fresh insights are coming too late. On the other side, Boris Johnson is digging in his heels and seems to no longer want a deal at all. A no-deal would be better for the UK than complying with Barnier’s set in stone demands.

‘The risk of a no-deal is increasing, and that’s not a bad thing’, wrote the Financial Times’ Europe commentator, Wolfgang Munchau last week. Although he is not in favour of Brexit, Munchau thinks that the UK should now seize the opportunities of a hard-Brexit. Why shouldn’t Johnson favour the British economy with state aid which is not allowed by the EU when Britain is no longer a member? He has to start stimulating certain economic sectors, such as technology. The British are strong in military technology, pharmaceutical research and artificial intelligence. Why should they follow strict EU rules on data protection? Why should the UK let EU fisherman fish in British territorial waters?

Munchau expresses a feeling that is increasingly alive in the UK. EU demands, for instance on state aid and fishing rights, are exaggerate.

READ ALSO

EU Actually

EU – China Summit : Merkel – Von der Leyen – Michel vs Xi

N. Peter KramerBy: N. Peter Kramer

September 14. While the initial summit lost its official in-person character due to the COVID-19 pandemic, the 3 EU leaders and the Chinese leader attended a virtual meeting via videoconference

View 01/2020 2020 Digital edition

Magazine

Current Issue

01/2020 2020

View past issues
Subscribe
Advertise
Digital edition

Europe

Boris Breaks the Divorce Treaty: What Can the EU Do?

Boris Breaks the Divorce Treaty: What Can the EU Do?

The ways in which the EU can put pressure on a UK that is going rogue are very limited — and potentially vast at the same time

Business

3 questions for leaders using tech to make the world a better place

3 questions for leaders using tech to make the world a better place

We’re currently tackling the biggest global public health crisis in a century. We will need to act decisively and rapidly if we are to address this crisis head on and rebuild and reconfigure our economies and societies for a prosperous, inclusive and sustainable future

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2020. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron