When we follow the trail of a no deal Brexit, the massive ripple of its impact ranges from intangible uncertainty to a real impact on business activity.
The EU provides feta cheese makers protection from competition through a geographical indication that gives their name monopoly power.
Looking at Italy’s debt and beyond at the world, we can worry about massive borrowing that reflects a larger proportion of a country’s GDP.
The political and economic sides of Brexit’s problems involve the impact of a potential no vote in Parliament and controversial draft agreement issues.
European Union time zones could change if individual nations get to choose if they want perpetual summer time or winter time.
With tariffs and quotas the weapons, the 1990s banana trade war between the European Union and the U.S. was a classic except for one key difference.
Even U.S. cheesemakers suffer when the EU (European Union) says you can’t use a label like Parmesan or feta because your cheese wasn’t made in the required place.
To how the Europeans feel about a Brexit impact, we can add how the U.K. will affect the EU’s GDP, population, budget, imports and exports when it leaves.
About more than the U.K., Brexit also creates EU budget problems because of the 10 to 12 billion euros that the British will no longer give annually.