Senior EU Officials Warn UK Against Brexit Amid Fears of ‘Domino Effect’
SputnikNews.com
07.03.2016
Two senior EU officials have raised warnings over the political and economic ramifications of Britain leaving the EU, saying a potential Brexit would trigger long and difficult negotiations between London and Brussels, while it would also embolden other Euroskeptic movements throughout the continent.
As the Brexit debate continues in the UK, Italian finance minister Pier Carlo Padoan said Britain would find it difficult to negotiate a free trade agreement with the EU from outside the bloc, which comes after German Finance Minister Wolfgang Schauble said a Brexit would lead to “the most difficult negotiations”.
Raising concerns about the difficulty Britain would have in negotiating access to the free market if it voted to leave the EU, Padoan said there would be extreme levels of uncertainty from both sides.
“Whenever you break an agreement you know what you are going to lose, you do not know what you are going to gain in the next agreement,” he told the Guardian.
The comments come after the hugely influential Schaeuble told the BBC that a Brexit would “poison” the economies of Europe and the UK.
“We would have years of the most difficult negotiations, which would be very difficult for the EU as well. And for years we would have such insecurity that would be a poison to the economy in the UK, the European continent and for the global economy as well.”
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