All eventualities are on the table. German Chancellor Angela Merkel on Wednesday called on the European Union to prepare for a possible no-deal on Brexit in the ongoing negotiations on the future commercial relationship with the United Kingdom. "I will continue to advocate a good solution, but we in the EU must and should prepare for the event that an agreement is not reached," Angela Merkel told German Chamber of Deputies on the first day of the German presidency of the European Union.
The United Kingdom and the European Union launched intense negotiations on their post-Brexit relationship in five weeks on Monday, with the common desire to finally move forward to avoid a potentially disastrous "no deal" at the end of the year. The United Kingdom, which left the EU on January 31, continues to apply European rules until December 31. If no agreement was negotiated by then, the only rules of the World Trade Organization (WTO), with their high customs duties and their extensive customs controls, would apply to trade relations between these partners.
The United Kingdom will have to "bear the consequences" of a weaker economic relationship with the EU after the Brexit process, Angela Merkel warned in several European newspapers on Saturday. "If the United Kingdom does not want regulations comparable to that of Europe in matters of environment, labor market or social standards, our relations will lose intensity," she warned.
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