Showing posts with label Brexit. Show all posts
Showing posts with label Brexit. Show all posts

October 04, 2019

On The Hiberno–Brexit Front

Irish Prime Minister Leo Varadkar said he did not want to "comment on court cases that are happening in the UK. They'll play themselves out".

He told a press conference in Denmark the EU would consider a request for a further Brexit extension if Mr Johnson asked for one, adding: "Certainly an extension would be better than a no deal".

However, he said many other EU countries would need a "good reason" to approve a further delay to the UK's exit.

He said his preference was to reach a deal with the UK by the summit of European leaders on 17 October and said he believed this was still possible.

"Our focus is getting a deal at the EU Council and I believe that's possible," he added.

Here the renowned fellow Varadkar, high official of the Irish government itself, proposes a last possible exit to diplomacy debouching at the October 17 EU Council Meeting.

It's a gracious gesture, but also cautionary if many nations truly need convincing for further extensions. Any extension requires unanimous consent.

The longer the EU lets Brexit drag on, the more expensive the eventual booting of Britain becomes for the economies of the EU's member states, it says here.

Anyhow, I would say Taoiseach rather that Prime Minister, which is more of a Boris Johnson thing.

June 17, 2019

Econ Wan Oh One

What will one pound be worth, post-Brexit, should Britain chose to stiff the EU for the costs it must bear for removing itself from the union? Asking for a friend.

March 12, 2019

Brexit Breakdown

How fucked up is the world economy going to be in the aftermath of the gun-to-its-own-head British state careering somnolently toward the nihilist culmination of Brexit a couple of weeks from now? The United States is particularly entwined with the fate of the financial instruments purveyed in the City, London's clearinghouse for global financial transactions. I have no idea if the markets have priced in the cost of disconnecting Britain from the global economy already. Even so, a jolt should be expected shortly, to the unhappy isle and associated parts of the wider world.