IPFS News Link • European Union
EU Holds Emergency Meeting to Prepare for No-Deal Hard Brexit
• https://moneymaven.io, by Mike Mish ShedlockThe Financial Times reports EU Prepares Five-Day Plan in Case of No-Deal Brexit.
Similarly, Bloomberg says EU Envoys to Discuss Emergency Preparations.
Neither article said much of anything beyond the title and subtitle.
Eurointelligence had much more interesting commentary.
As a no-deal Brexit emerges as a serious possibility on the political horizon, the EU-side is making no secret of ramping up its own contingency preparations.
The political difficulty here for the EU side is clear. Make the contingency planning for a hard Brexit too comprehensive and too conspicuous, and you feed into a dynamic where no-deal is established in the mind of the public as a workable option —and perhaps even as the best or only realistic one. This would then reduce the public appetite for politically difficult concessions necessary for a final deal.