Brexit
Looming hard #Brexit may be as damaging as no deal Brexit: ECB's Knot
“In economic terms there may be little difference between a no-deal Brexit that could have occurred on the 31st of January, and a hard Brexit that could still occur at the end of 2020,” Knot, who also sits on the European Central Bank’s Governing Council, said.
“This would happen if the EU and the UK are unable to agree on a timely trade deal. And if there is no mutual consensus on extending the transitional period beyond 2020,” Knot added.
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