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Brexit: a risk of a "systemic economic crisis"

2020-12-13T20:21:26.962Z


In 2021 alone, a "no deal" would cost 2 growth points in the United Kingdom. At the end of last week, Boris Johnson called on the British to prepare to seize the "opportunities" of an "Australian solution", which would be "wonderful for the United Kingdom". Carefully avoiding the words "no deal" and even "Brexit" , this smokescreen was intended to hide a reality less encouraging than the eternal optimism of the Prime Minister would like to imply. As a former Australian exe


At the end of last week, Boris Johnson called on the British to prepare to seize the

"opportunities"

of an

"Australian solution",

which would be

"wonderful for the United Kingdom".

Carefully avoiding the words "no deal" and even "Brexit"

,

this smokescreen was intended to hide a reality less encouraging than the eternal optimism of the Prime Minister would like to imply.

As a former Australian executive, Malcolm Turnbull, was quick to point out on the BBC,

"frankly, Australia's relationship with the European Union is not desirable for the UK from a business point of view." .

Because Australia has no more agreement with the Twenty-Seven than North Korea or Papua New Guinea - it is also seeking to negotiate one.

And, unlike Britain, it doesn't trade 10,000 trucks a day with it.

The prospect of a "no deal", an absence of a free trade agreement, presented as

"a chance in a million"

a while ago

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Source: lefigaro

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