Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It seems to me that the ECB or some other EU agency must have a computer model that compares the various options and their economic effects. For example, the cost of a no-deal Brexit compared to the solidification of the business environment.

I wonder if the recent three week extension was an output from such a model, along the lines of "we have just a few more items to clean up here, give us a few more days and then we will at least be ok from the legal and regulatory viewpoint."

That is a reading of what is suggested by Barnier: "We have also worked with the Member States, and the Commission just completed a tour of the 27 to make sure that no question is left unanswered. The Union will be ready to manage any disruption for the public and businesses in the EU27."

In such a case, there is no reason for the EU to give a further extension. If they do give another, it opens a question about how many additional further small extensions might be on offer...

by asdf on Tue Apr 2nd, 2019 at 11:28:03 PM EST
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