EU's Dombrovskis Links U.K. Passporting to Single Market

The transcript discusses the implications of the UK losing passporting rights post-Brexit, emphasizing the importance of regulatory cooperation and equivalence to maintain financial stability. It highlights the potential economic disruptions and financial risks associated with removing passporting rights, stressing the need for careful assessment and international cooperation to mitigate these effects.

What is one possible way for the UK to maintain access to the EU single market after losing passporting rights?

• Through unilateral trade agreements

• Through regulatory cooperation and equivalences

• By increasing tariffs

• By joining the Eurozone

Why is it important for the EU and UK to maintain financial stability during Brexit negotiations?

• To reduce immigration

• To increase trade tariffs

• To ensure the UK remains in the EU

• To minimize economic disruption

What is a potential consequence of removing passporting rights from the UK?

• Increased funding costs across Europe

• Immediate economic growth

• Reduction in trade barriers

• Strengthened UK-EU relations

What does the Commissioner suggest is necessary to handle the complex issues related to Brexit?

• Ignoring EU regulations

• Immediate implementation of new laws

• Careful assessment and sector-by-sector discussion

• A simple yes or no answer

What is the relationship between passporting rights and the EU single market?

• Passporting rights are independent of the single market

• Passporting rights are linked to being part of the EU single market

• Passporting rights are only for EU citizens

• Passporting rights are automatically granted to non-EU countries