But most significant is that the phenomenon of the EU officials’ phantom parallel negotiations compelled a strong strategy for precedent-setting and deterrence by Brussels. At the same time, polls of Italians, Danes and Swedes suggest growing sentiment towards potentially breaking away from the EU. Moreover, it is important to compare the impacts of the Brexit agreement on both trade in goods and trade in services. And unlike merchandise, the U.K.’s services trade with the EU is in surplus. After all, they were pursuing their objective of self-preservation and trying their best to keep further EU exits at bay.

Source: Forbes January 01, 2021 01:52 UTC