Monthly Archives: January 2019

Brexit- What can be expected?

As things stand now, there are about ten weeks to go until the United Kingdom will crash out of the EU. There is not much doubt that this will be disruptive—for the EU member countries, especially for Ireland, and for the UK, particularly for Northern Ireland.

The attempts to finally agree on a divorce settlement between the EU and Great Britain were realized. But there is little chance that this settlement will be accepted in the British parliament. The few alternatives—the ‘Norwegian’ option, or a new referendum—face equally dark prospects.  To extend the period to allow for additional talks is also not possible. When the EU elections are held in May, everybody has to know whether or not British deputies are to be elected.

So what can we expect to happen in the case of a hard exit?

 

-Klaus Segbers

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