[ad_1]
As the end of the transition period approaches, a no-deal Brexit seems increasingly likely as neither side has been able to reach a deal. Fisheries and state aid continue to stall negotiations.
Now the new vice president of the European Economic and Social Committee (ESSC), Cillian Lohan, has warned that a no-deal outcome would create “enormous difficulties”.
He said: “The non-agreement would create enormous difficulties to overcome for each member state, some more than others.
“At the level of production and trade, the negative impact is difficult to quantify because it would have a domino effect in all national economies.
“That said, many companies and the European Union itself are also preparing for this eventuality: we have seen how difficult, sometimes meaningless, negotiations.”
The Irish citizen also pointed to a “problem” for the EU that now “affects all member states”.
He said: “Many British citizens voted in favor of Brexit because they no longer recognized themselves in the European institutions, they seemed too disconnected from their reality.
“It is a big problem, but now it affects all member states.”
Lohan went on to explain how “there is a danger” that other member states will follow Britain and leave the EU.
When asked by EU News if there are similar risks on the horizon, Lohan said: “Not specifically, at the moment.
READ MORE: Joe Biden’s FURY in the ‘toxic’ Boris Johnson casts doubt on trade deal
Since Britain left the EU, many have speculated that other member states, such as Italy, could follow the UK.
Last month, Italexit activist Gianluigi Paragone said Express.co.uk It is time for Italy to plan new bilateral agreements with third countries around the world to resurrect its economy as an independent and sovereign nation outside the bloc.
When asked how he would respond to those who say that it is “too late” for Italy to return to its national currency after the euro, he said: “Too late for what stopwatch, what watch?
“If the clock is that of history, ‘too late’ is really too relative.”
Additional reporting by Maria Ortega
[ad_2]
