Bloomberg: The Italy panic might be bad news for the UK

31 May 2018

The turmoil in Italy will only strengthen EU governments’ resolve that the UK suffer the consequences of its decision, three people familiar with the Brexit negotiations said.

What makes it worse for the U.K. is that the Italian crisis, with an early election looming, coincides with the most crucial time in the U.K.’s withdrawal process.

The Italy situation “complicates matters,” pro-EU Labour lawmaker Hilary Benn, who leads the U.K.’s influential House of Commons Brexit Committee, told Bloomberg TV in an interview. “One of the motivations for the EU in these negotiations is -- as they’ve said repeatedly and publicly -- that the U.K. can’t have as good a deal outside the European Union as we have had inside.” [...]

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