“There is now, in my view, a higher risk than the markets are currently pricing of a disorderly breakdown in Brexit negotiations, and of our sleepwalking into a major crisis,” he said. But he urged leaders to take a longer view, or risk a brittle settlement that would not last. He said that advocates of a no-deal Brexit expected to trigger a host of mini deals at the 11th hour. Rogers says the prime minister’s compromise plan “contains many wholly unsaleable elements and will not [and] cannot be agreed by the 27”. Both sides, Rogers said, would lose if the relationship descended into one “bedevilled”by trade disputes and mutual recriminations.

Source: The Guardian September 06, 2018 20:30 UTC