EU prepares for no-deal Brexit

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(VOVWORLD) - The European Union is stepping up preparations for a no-deal Brexit at the end of this year, the bloc’s chief negotiator Michel Barnier said on Thursday after the latest round of talks in which, he said, London is disappointed on many fronts.

EU prepares for no-deal Brexit - ảnh 1 EU chief negotiator Michel Barnier (Photo: AFP/VNA)

Following the eighth full round of negotiations on a new partnership with the UK, Barnier said the EU has shown flexibility on fisheries, but “the UK has not engaged in a reciprocal way on fundamental EU principles and interests.”

He said “nobody should underestimate the practical, economic, and social consequences of a ‘no deal’ scenario.” He added that he and his team will remain in touch with their UK counterparts, led by David Frost, but that the EU is intensifying its preparations for all scenarios on January 1, 2021, the date when Britain’s post-Brexit transition period ends.