Recent declarations by political leaders suggest that a hard Brexit is the most likely outcome of the negotiation between the European Union and the United Kingdom that will start next spring after the UK government triggers Article 50. In Britain, several cabinet members have made statements pointing in this direction. And in Brussels, Donald Tusk, president of the European Council, declared last week that “it is useless to speculate about ‘soft Brexit’…[T]he only real alternative to a ‘hard Brexit’ is ‘no Brexit’”.
But there is still a certain degree of fuzziness about what the different degrees of Brexit actually entail. Clearly, …read more
Source: Bruegel