They need us more than we need them – Yeah right

23 Oct 2017

Apart from Britain, there are 27 states in the European Union.  Most of them have very little trade with us: we import only 2% of Croatian exports or 3% of Bulgarian exports. These countries will have next to no downside in driving a very hard bargain indeed. Each of them have a veto on the final deal.  Every time you hear a commentator or a Brexiter talking about German industry or the Irish economy remember that they are only two votes out of 27.  Brexit is not even an issue in most countries of the union.  As far as they are concerned the British have lost touch with the real world. No deal better than a bad deal? This, of course, is obvious – if the definition “bad” is a deal that is so bad it is worse than no deal.  But for a deal to be worse than no deal it would have to be so cataclysmically bad that neither the British government or the European government would propose it. Such a bad deal would have to be proposed by the Americans, Chinese or Russian governments who must be beside themselves with glee at the mess that a small group of extremists have managed to conjure up for the British people.

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