No-Deal Brexit to Be 'Total Catastrophe,' Trichet Says

The transcript discusses the potential economic impacts of Brexit on the UK, EU, and global economy. It highlights the historical context, comparing it to past events, and analyzes the costs associated with different Brexit outcomes. The interconnectedness of global economies means that Brexit will have widespread repercussions.

What is the expected impact of Brexit on the UK's GDP compared to the EU's GDP?

• The impact is expected to be the same for both.

• The UK's GDP will be less affected than the EU's.

• The UK's GDP will be more affected than the EU's.

• Neither will be affected.

How does the current situation of the UK leaving the EU compare to the time of General de Gaulle?

• The EU wanted the UK to leave during General de Gaulle's time.

• The situation is exactly the same.

• The UK was discouraged from joining during General de Gaulle's time.

• The UK was encouraged to join during General de Gaulle's time.

What are the potential consequences of a no-deal Brexit?

• It would only affect the EU.

• It would have no significant impact.

• It would be a total catastrophe.

• It would be beneficial for the UK.

How might Brexit affect the global economy?

• It will benefit the global economy.

• It will have repercussions worldwide.

• It will only affect Europe.

• It will have no effect on the global economy.

What is the role of interconnectedness in the context of Brexit's impact?

• It amplifies the impact globally.

• It only affects the UK.

• It has no role in Brexit's impact.

• It limits the impact to Europe only.