CNN (March 1)
The lack of an agreement with North Korea, as well as Trump’s other disappointments are dimming “the mystique central to his political appeal as an instinctive deal maker who can get his way through bluffing, charm and lightning business reflexes.” The reality couldn’t be more different. “In fact, Trump has shown more proficiency in breaking deals than making them after pulling the US out of the Iran nuclear deal and the Paris global climate pact and abandoning the Trans-Pacific Partnership, a massive multilateral trade deal.” His presidency is turning into “the art of the no deal.”
Tags: Appeal, Disappointments, Iran, Mystique, No-deal, North Korea, Paris, TPP, Trump, U.S.
Financial Times (January 27)
“We can make a fresh start on Tuesday, and avoid the disaster of a no deal, by extending Article 50 to allow an honest reconsideration. Parliament and the people must level with one another about the detailed costs and benefits of EU membership and all sides must begin to recognise reality.”
Tags: Article 50, Benefits, Costs, Disaster, EU, Fresh start, Membership Reality, No-deal, Parliament, Reconsideration
Forbes (November 16)
“The looming prospect of no-deal Brexit is already spooking markets. Sterling tanked today, and the cost of CDS protection on U.K. government debt rose. Shares in Britain’s state-owned bank RBS fell by 9%.”
Tags: Brexit, CDS protection, Debt, Gilts, Looming, Markets, No-deal, Prospect, RBS, Shares, Spooking, Sterling, Tanked, U.K., UK
Vox (November 15)
Prime Minister Theresa May “and the EU are desperately trying to avoid a no-deal scenario. After months of stalled negotiations, the two sides finally thought they had reached a breakthrough this week that solved some of the thorniest issues of the divorce, and provided for a transition period so they could work out a future trade deal…. But the latest dramatic resignations reveal the obstacles that May faces in finalizing the withdrawal.”
Tags: Breakthrough, Desperate, EU, May, Negotiations, No-deal, Obstacles, Resignations, Trade deal, Transition, Withdrawal
Foreign Policy (October 2)
“A no-deal Brexit will destroy the British economy. The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.”
Tags: Brexit, British economy, Conservative Party, Crash, EU, No-deal, Recession, UK
Reuters (August 29)
“The prospect of a no-deal Brexit is becoming increasingly feasible in the eyes of investors who are hedging against the risk of the currency tanking if Britain is left isolated from the EU, its largest trading partner.” Bank of America Merrill Lynch has warned that central bank selling of more than 100 billion pounds in reserves “could be a major catalyst for a significant sterling downturn” should the UK leave the EU without a deal.
Tags: BAML, Brexit, Central bank, Currency, EU, Hedging, Investors, No-deal, Reserves, Risk, Sterling, Trading partner, UK
BBC (August 23)
Brexit is “akin to attempting to remove an egg from an omelette” and if there’s not a deal, it’s likely to become an even bigger mess. “Today’s “no deal” papers reveal the complicated exercise could carry significant costs for consumers and businesses if Britain and the EU fail to agree on a transition period and a subsequent trading agreement.” Failure to reach a deal would “very likely to have a negative impact on the economy and could mean higher prices in the shops as firms pass on the higher costs of doing business.”
Tags: Brexit, Businesses, Complicated, Consumers, Costs, Economy, EU, Failure, No-deal, Prices, Transition, UK
The Guardian (June 11)
“The worst possible Brexit, a potentially catastrophic no-deal, now looks increasingly possible—just at the very moment when the G7 debacle shows the vital importance of international cooperation. The Brexit project is like a clapped-out car wobbling and wheezing towards the finishing line next year with wheels and bits of bodywork falling off as the line approaches…. There is still time to dump the car.”
Tags: Brexit, Catastrophic, Cooperation, G7 debacle, No-deal, Wheezing, Wobbling
