If the UK, the EU, unregulated leaves, that will also have drastic consequences for Europe. The EU is preparing for the emergency and is preparing itself for a possible financial crisis.
Recently, it was a rollercoaster of emotions for the leaders of the EU. The already finished negotiated divorce agreement creates the hurdle in London or not? This will show only in January, if the British should decide the house via the Brexit Treaty, velvet, transitional period and in a cost-balance with the EU.
Theresa May is fighting for a Yes. But in Brussels, there is doubt as to whether this succeeds. After the British Parliament has discussed emergency measures, now the EU-Commission. The goal is administratively to be prepared for the case that the United Kingdom on the 29. March 2019 flips easily out of the EU. "Then there is a big Bang and it is very expensive for us", warns the European Deputy Elmar Brok (CDU).
CDU MEP, Elmar BrokThe last straw
His colleague, Terry Reintke of the Green is sure: "Theresa May's still hanging on to a straw. She hopes that something moves in Brussels and you can appease the skeptics in Parliament". So far this has not happened.
Long time the EU did not want to talk to Commission about the emergency plans for the hard Brexit - from the fear of uncertainty. The changes now. Meanwhile, it has been shown that National governments and the economy alone can not provisions enough for the case of a crisis, to closely the people are intertwined economies, to supply a lot of chains and contracts bind both sides to the performance and payment obligations. Based on EU law, and that could be overnight in the UK. Then also all of the trade contracts and other business connections, at least, voidable.