The European Union on Wednesday adopted backup plans to protect air transport and financial markets in the event Britain leaves without a Brexit deal in 100 days.
The bloc has promised that British citizens living in Europe would continue to enjoy residents’ rights “provided that this approach is reciprocated by the UK”.
EU officials insist the measures would not mean Britain can quit the union painlessly, but that it is important for “time-limited” measures to “mitigate” the harm.
“The best, if you talk in terms of the economy and avoiding disruptions, is to stay within the EU,” European Commission vice-president Valdis Dombrovskis told reporters.
“Then, if the decision on Brexit is taken, of course, withdrawal or Brexit with a deal is better than withdrawal with no deal,” the former Latvian prime minister said.
“In case of no deal scenario, doing some preparation to minimize damage is better than no preparation at all.”
Read more:
The…