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The Sum of All Brexit Fears

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27.12.2018

LONDON – Day after day, week after week, most British citizens think that the turmoil over their country’s proposed exit from the European Union cannot get any worse. But, without fail, it does. Turmoil turns into humiliating chaos; a political crisis threatens to become a constitutional crisis.

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Meanwhile, the date of the United Kingdom’s departure from the EU gets closer. It is fewer than 100 days until the UK leaves, and at the moment there is no deal in sight that is acceptable to both Parliament in Westminster and the European Commission and European Council in Brussels.

The problem began with the 2016 referendum vote to leave. Unfortunately, despite plotting and planning for this outcome for years, Leavers had no idea what quitting the EU would actually entail. Their campaign was rife with delusions and dishonesty. Leaving, they said, would mean a financial bonanza, which the UK would inject into its National Health Service. Negotiating a trade deal with the EU after departure would be easy. Other countries around the world would queue up to make deals with Britain. All lies.

The Brexit talks themselves, when they finally began, were hampered by the incompetence of the ministers put in charge. The........

© Project Syndicate