Does the EU Need a Deal with Britain: Can Europe Cope with a No Deal Brexit? - TLDR News

With the possibility of Brexit looming overhead, we thought it was time to question if Europe really needed a Brexit deal? It's been a common refrain in the UK and Europe needs 'us more than we need them', but is that really true. So in this video, we examine if Europe needs a Brexit deal, the industries pushing for an agreement and what it means for negotiations.

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[zomfgroflmao]

It is misleading to only quote the whole numbers instead of the percentages for the EU. While the EU numbers are usually higher than the numbers for the UK, the EU has much higher volume on everything, but the percentage is much lower overall. Will the car manufacturers like no deal and the loss that comes with it? No, but they won't go under because it is only one country for multinational corporations. On the other hand the UK farmers that can't suddenly sell to anyone out of the UK without massive tariffs might have a lot less volume in overall money, but they won't have much of a choice or ways to soften the blow.

[remcovanek]

So, in short: EU can manage a no deal.

[bzuidgeest]

This video highlights a common mistake in looking at this. The video is about the EU, but figures presented are from UK perspective only. Take the car example. They say car import from the EU accounts for 18%. But that is not the number fort TOTAL EU CAR EXPORT. That is much higher. only a small percentage of EU produced cars go to the UK. Also the food and drink and medicine examples. The reason the UK imports so much (but only a small percentage of total EU export) because it does not produce the items. This does not change after brexit. It only means UK consumers will pay more because of the tariffs. It changes little for EU consumers as EU consumers can get EU replacements for any UK product. Not the other way around. Because of the price increase for UK consumers there might be some reduction in buying because of increased prices, but they cannot stop eating or using medicine so they will not stop buying them.

[jeboivandeberg]

Love how it has become an argument to say that something hurts the EU “more” than britain. Isn’t it bad enough that this thing is gonna hurt BOTH britain and the EU

[thankyouforyourcompliance]

Short answer: Nope. EU citizens are in FY mode. We have more important things to sort out.

[ahmadehmayr]

"Does the EU Need a Deal with Britain" has a smell like its the same. Look at the Map. It is not.
The British hate to be seen as a normal Countrie, but they have to learn it.

[periclesbeirao]

First time that I have a actual complaint about the news in this channel. U spend the full episode talking about what would be disadvantage for the EU but it is not in context. EU market is a lot bigger than UK
That makes that all the numbers u are using are not comparable. 1 billion for UK is a lot more damaging that 1 Billion for the EU

[ronaldderooij]

The reaction of the German car makers says it all and is omitted from this video. "If a choice exists between the UK market and the single EU market, the automakers choose the EU single market. That has to prevail". I think that will be the attitude of most producers in the EU. So, this video is a bit misleading.

[optimize.]

Another Dutchie here. I understand we don’t need the UK for survival, but we both clearly benefit tremendously when we collaborate. It’s a historical fact (and common sense) that collaboration is more beneficial than competition. It eliminates a tonne of overhead, which will show up in our economies’ bottom line.

The real problem that stands out, is that many people are over-simplifying complex problems, turning them into pissing contests or ideological warfare.

Does the EU need reforms? Absolutely, but leaving won’t make that happen anymore than the WHO will get a much needed overhaul as a consequence of the U.S.’ decision to withdraw their funding, and thus their seat at the table.

I’m sorry that the Brits were largely manipulated into this decision, and I’m sorry that it’s so difficult to get sufficient facts and clarity across to people in our democratic processes for us to make informed and facts-based decisions.
This complexity involved in decision-making is a key reason why we have parliamentary, and not direct, democracies.

So how should we move forward? We desperately need increased transparency and public dialogue about incentives and decision-making processes, so we are able to keep our representatives honest, and hold them accountable when needed. That is is not the same, however, as telling them that they’re idiots no matter what they decide or solving their bad behavior by voting for more people with even more over-simplified solutions for difficult problems. (It’s ‘All of politics’/‘The Media’/‘Immigrants’/‘The Deep State’/‘Lizard People’/Etc.)

Let’s all calm down a bit and use the current climate and challenges as an opportunity to renew our ability for rationality and to remember that we’ll all go furthest together.

Much love and appreciation to everyone in the U.K., Leave & Remain. We here in the Netherlands appreciate you guys and we’ll continue to do so.

Cheers from Amsterdam

[mentar]

I think you should have pointed out more clearly that most of the trade organizations (e, g, the automobile ones) have stated clearly that protecting the integrity of the single market still is much _more_ important than a deal at all costs. Yes, they are bound to lose a lot of money in case of a no-deal scenario, but this would still be better than allowing the UK to undermine the single market by refusing the level playing field.

[abbofun]

The answer is ‘yes, the EU can cope’ it will hurt big time but it will not be fatal.

[biocapsule]

Nobody other then tiny islands that are still former colonial dependencies needs the UK that much to damage their internal market. Period.

[getnohappy]

The problem is for Johnson and brexit'ers, this isn't a trade deal, it some delusional statement of "freedom" from imagined oppression. The Japan deal is worth mentioning here as that contains (I am told) numerous state-aid rules far more onerous than any the EU asked for. After 5 years of rhetoric "We" cannot be seen to do anything that whiffs of "being told what to do by Europe", which makes any comprehensive trade deal impossible, because any deal requires standards to be adopted weighted in favour of the larger entity. If this was just a trade deal, where both sides recognized the relative economic impact and relative market sizes, this would have been sorted years ago. But it's not; the Brexit campaign made a lot of crazy promises - both material and emotional - that are simply not compatible with a sensible conclusion.

And this is without mentioning the few years of "if we don't like it we'll just rip it up later" statements (and now actions) and the conspiracy theories around whether Trump has made any trade deal contingent on no deal with the EU.

[stefangunther]

I work for a British company in Germany. 80% of our business is export to the EU. Yet many of my colleagues in medium to high level managment have voted to leave. Now they are all worried about their jobs. Needless to go any

[Aruneh]

Lots of numbers in this video, but the question from the title isn’t actually answered, unless I missed it.

[oneworld]

Are you following European news at all? Companies here have long accepted that the internal market is more important to them than this small size UK business

[brickbastardly]

The EU needs a deal but everything has a price. And the integrity of the single market is not one the EU is willing to pay.

[pavarossi]

You don't get it. The single market is not one sight of the balance, it is the fundament that supports any other balance, it is not negotiable

[syedbilalnafees]

Imo the EU and Britain will take a significant hit from Brexit no deal. But not only is the EU more prepared and has alot of its economies recovering from Covid (atm) and is much more prepared. The EU will recover relatively fast esspesliy given a deal with Australia is nearing completion. We brits on the other hand at the mercy of the tories and BoJos

[xxACExxACExx]

"They need us more than we need them" yeah right as if a continent spaning international organisation of cooperation needs 1 country more than that country needs it. Maybe if Britain was a leading power in the EU, or the largest economy by a long shot.. maybe then there could be some truth to that statement