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

A UK-US deal sounds good but what does it mean

N. Peter KramerBy: N. Peter Kramer

After Prime Minister Sir Keir Starmer’s visit to the White House in February, the UK delegation referred to what was being negotiated as an "economic deal"

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

What Le Pen’s sentence means for the rule of law in Europe

What Le Pen’s sentence means for the rule of law in Europe

Marine Le Pen’s conviction for embezzlement and ban from elected office have sparked accusations from far-right and populist movements of antidemocratic behavior. But the ruling shows that attachment to the rule of law is resilient, and upholding it is the only way to counter claims that the system is rigged

Business

Why the best companies don’t just innovate – they reinvent how they manage

Why the best companies don’t just innovate – they reinvent how they manage

In 2005, Chinese home appliances giant Haier faced a defining moment

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron