Boris Johnson’s attempted ultimatum to the European Union is halfway there between the confirmation of a ‘Brexit’ without an agreement and the possibility of an orderly separation at the last minute. That is at least the interpretation that the markets have made, where the price of the pound has remained stable, with the operators of the City cured of fright. The ‘premier’ has left the door ajar for the negotiations to continue, although the European Council concluded this Friday has demanded from the British Government ‘movements’ to reach an agreement that avoids a ‘Brexit’ harshly and Johnson has asked his compatriots Prepare for a no-deal breakup.
Was there no other way out to Downing Street having marked October 15 as the deadline for reaching a compromise with Brussels on the calendar. But there are too many interests at stake on both sides of the Canal so that ten weeks before the end of the transitional period stop negotiating, as for the parties not to be able to delimit a space of understanding and condemn the exchanges between the United Kingdom and the EU to be governed by the general provisions of the World Trade Organization. This is what Johnson calls the ‘global free market model’, within which there is no room for a type of relationship similar to the single market.
Of course, the disagreements that have arisen over the British policy of subsidizing companies are not two minor matters. which predicts unfair competition with the Twenty-seven, and of the fishing quotas that it intends to impose on the EU – Spain would be one of the harmed countries – but they seem insufficient to break the deck. In any case, the moment is not very conducive to this, with a great contraction of the economies due to the pandemic and with too many unresolved questions about how the exit from the crisis will be in Europe, even in the hypothetical case that the agreement is possible so that commercial exchanges flow without burdensome impediments. Which leads to consider Johnson’s appeals to regain national sovereignty in economic matters a definitely outdated argument.