EU's official: No-deal is more harmful for Britain than EU

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The European Union's chief Brexit negotiator said Thursday that if Britain wants as much access as possible to the bloc's market after it leaves, it won't have unfettered freedom to subsidize its industry.

Michel Barnier also insisted that the state aid rules in any future trade deal would be more stringent than with nations like Canada or Japan, simply because of the physical proximity of the departing EU nation.

"I hope that this point is, and will be correctly understood by everybody. We will ask necessarily certain conditions on state aid policy in the U.K.," Barnier said, adding that if that is not the case, access to the lucrative EU market will be negatively affected. As a member state, Britain was bound by strict state aid rules enforced by the powerful European Commission to make sure there would be no unfair competition among EU nations in its vast single market. Third countries aren't immediately bound by such strictures.

Barnier also insisted that Britain's goal to have a full free trade deal by the end of the year was unrealistic.

 

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Says the UN company line. Your not even close to news anymore, just political agenda

😂

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