EU Is Prepared for a Deal With U.K., Bruegel's Wolff Says

The transcript discusses the implications of Brexit, focusing on the potential for a softer Brexit and the future relationship between the UK and the EU. It highlights the challenges of negotiating a new trade deal, considering the existing regulatory alignment and potential divergences. The discussion also covers the UK's global trade relations, particularly with China and the United States, and the impact on EU-UK relations. Finally, it addresses the EU's unity in negotiations and the challenges it faces in maintaining a cohesive stance.

What is the main challenge after the UK leaves the EU by the end of January?

• Changing the Prime Minister

• Rejoining the EU

• Holding a new referendum

• Crafting a new relationship

Why is the negotiation between the UK and the EU considered less complex?

• The EU is not interested in negotiations

• The UK has no trade deals

• They have the same regulatory environment

• They have different regulatory environments

What could cause opposition from the EU regarding the UK's trade relations?

• The UK fostering a close relation with the US

• The UK joining the Eurozone

• The UK closing relations with China

• The UK increasing tariffs on EU goods

What is a key principle that the EU wants to maintain in negotiations?

• The reduction of trade barriers

• The expansion of the EU

• The increase of tariffs

• The integrity of the single market

What is a potential challenge for the EU in maintaining unity?

• Lack of interest in trade deals

• Different views on the future relationship

• The EU's expansion plans

• The EU's financial crisis