Ireland Sees U.K. Making 'Huge Mistake' on Brexit

The video discusses the UK's current position on Brexit, highlighting the challenges in negotiating free trade agreements while maintaining barrier-free access to the European market. It emphasizes the importance of staying close to the customs union and single market. The issue of the Ireland border is addressed, stressing the need to avoid a hard border to preserve the peace process. The UK's financial commitments to the EU budget and the necessity of a transition period are also covered.

What are the implications of the EU's stance on customs and borders according to the speaker?

What does the speaker believe is necessary for a successful transition period?