Brexit
EU executive says - be ready for 'very possible' no-deal #Brexit
The European Commission on Wednesday (12 June) said a no-deal Brexit was “very much possible” as it updated its contingency preparations and told countries, companies and people to be ready for the expected economic fallout, writes Gabriela Baczynska.
The European Union’s executive said it would pay particular attention in coming months to crucial areas including citizens rights, financial services, transport and fisheries, ahead of Britain’s departure from the bloc, now due on 31 October.
Its latest review of the EU’s no-deal plans comes as Britain’s Conservative Party is picking a new prime minister to replace Theresa May, defeated by her inability to pass through the UK parliament the deal she secured with the bloc seven months ago.
Some possible successors have said Britain would leave the EU at the end of October, deal or no deal.
“In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement ... and the overall domestic political situation, a ‘no-deal’ scenario on 1 November 2019 very much remains a possible – although undesirable – outcome,” the Commission said.
“The Commission considers that a withdrawal of the United Kingdom without an agreement remains a possible outcome, with all its negative economic consequences.”
The Brussels-based executive, which leads Brexit negotiations with London on behalf of the bloc’s other 27 member states, said contingency measures already in place remain “fit for purpose”.
“Nevertheless, the Commission will continue to monitor political developments and assess if any extension of the adopted measures will be needed,” it added.
They include EU plans to extend current access to fishing waters and prolong safety clearances for rail, road and air transport between the bloc and the UK, if London reciprocates.
They also offer visa-free travel to UK citizens and a year-long extension of cooperation in some financial services.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
-
South Caucasus2 days agoThe South Caucasus at a historic turning point: Between lasting peace and renewed confrontation
-
South Caucasus3 days agoThe security environment of the South Caucasus amid changing geopolitical realities
-
European Citizens' Initiative5 days agoCommission registers two European Citizens' Initiatives on education and housing
-
European Commission3 days agoCommission sends Statements of Objections to several companies and trade associations in suspected construction chemicals cartel
