Economy

The implications of no-deal Brexit: is the EU prepared?

7 monthes ago   |   By Bruegel

This note, written at the request of the Bundestag EU committee, explores the possible consequences of a no-deal Brexit for the EU and assesses preparations on the EU side. It also provides guidance on optimal strategy for the EU assuming different choices taken by the UK.
Overall, a no-deal Brexit would be disruptive in the short-term.
There would be immediate very significant administrative and logistic challenges in trade. Preparations to reduce those disruptions are underway but unlikely to be sufficient. But while MFN tariffs will affect some sectors strongly, the macroeconomic effect...
Read more ...

 

The implications of no-deal Brexit: is the European Union prepared?

7 monthes ago   |   By Bruegel

This Policy Contribution, based on a note written for the Bundestag EU Committee, explores the possible consequences of a no-deal Brexit for the European Union and assesses preparations on the EU side. It also provides guidance on the optimal strategy for the EU, depending on the choices made by the United Kingdom.
Overall, a no-deal Brexit would be disruptive in the short-term:
There would be immediate very significant administrative and logistical challenges in trade. Preparations to reduce those disruptions are underway but are unlikely to be sufficient. But while Most-Favoured Nation...
Read more ...

 


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