1 00:00:04,333 --> 00:00:05,834 Welcome to the Sound of 2 00:00:05,834 --> 00:00:07,299 Welcome to the Sound of Economics The podcast by the 3 00:00:07,299 --> 00:00:08,899 Economics The podcast by the Brazos based economic think 4 00:00:08,899 --> 00:00:11,434 Brazos based economic think tank. I’m Giuseppe and we are 5 00:00:11,434 --> 00:00:13,800 tank. I’m Giuseppe and we are here for another episode of the 6 00:00:13,800 --> 00:00:16,200 here for another episode of the Sound of Economics Light this 7 00:00:16,200 --> 00:00:17,667 Sound of Economics Light this time we provide some 8 00:00:17,667 --> 00:00:19,299 time we provide some reflections in connection with 9 00:00:19,299 --> 00:00:21,834 reflections in connection with the European Council, which on 10 00:00:21,834 --> 00:00:23,399 the European Council, which on fifteen and sixteen of October 11 00:00:23,399 --> 00:00:24,900 fifteen and sixteen of October as on the agenda the 12 00:00:24,900 --> 00:00:26,666 as on the agenda the implementation of the UK with 13 00:00:26,666 --> 00:00:28,467 implementation of the UK with travel agreements and review 14 00:00:28,467 --> 00:00:30,799 travel agreements and review review the state of the of the 15 00:00:30,799 --> 00:00:32,000 review the state of the of the negotiations on the future. EU 16 00:00:32,000 --> 00:00:35,234 negotiations on the future. EU UK. Partnership I’m pleased to 17 00:00:35,234 --> 00:00:39,000 UK. Partnership I’m pleased to welcome the director of Deputy 18 00:00:39,000 --> 00:00:42,534 welcome the director of Deputy Director Maria and senior 19 00:00:42,534 --> 00:00:45,467 Director Maria and senior scholar and hello Andrea. How 20 00:00:45,467 --> 00:00:48,800 scholar and hello Andrea. How are you everyone? Hello 21 00:00:48,800 --> 00:00:52,801 are you everyone? Hello everybody So uh I’m also happy 22 00:00:52,801 --> 00:00:54,933 everybody So uh I’m also happy that our listeners can join our 23 00:00:54,933 --> 00:00:57,067 that our listeners can join our conversation by asking 24 00:00:57,067 --> 00:01:01,233 conversation by asking questions on slide slide. uh uh 25 00:01:01,233 --> 00:01:06,299 questions on slide slide. uh uh dot using the hashtag EU UK so. 26 00:01:06,299 --> 00:01:09,034 dot using the hashtag EU UK so. Uh to to to start up, we just 27 00:01:09,034 --> 00:01:11,767 Uh to to to start up, we just run a poll on Twitter uh with 28 00:01:11,767 --> 00:01:14,400 run a poll on Twitter uh with our followers and we ask that 29 00:01:14,400 --> 00:01:16,867 our followers and we ask that what do they think is the most 30 00:01:16,867 --> 00:01:19,767 what do they think is the most likely Brexit conclusion of the 31 00:01:19,767 --> 00:01:21,734 likely Brexit conclusion of the upcoming European Council 32 00:01:21,734 --> 00:01:23,800 upcoming European Council summit and unsurprisingly, the 33 00:01:23,800 --> 00:01:26,500 summit and unsurprisingly, the results were quite close with 34 00:01:26,500 --> 00:01:29,666 results were quite close with around 54. 54%, saying that 35 00:01:29,666 --> 00:01:32,699 around 54. 54%, saying that there will be a ramp up of no 36 00:01:32,699 --> 00:01:36,367 there will be a ramp up of no plans and around 46% for an 37 00:01:36,367 --> 00:01:39,833 plans and around 46% for an extensions up to. So before 38 00:01:39,833 --> 00:01:42,167 extensions up to. So before starting our discussion, let me 39 00:01:42,167 --> 00:01:43,933 starting our discussion, let me recap where do we stand as of 40 00:01:43,933 --> 00:01:46,934 recap where do we stand as of today of October as the 41 00:01:46,934 --> 00:01:48,233 today of October as the situation regarding the issue 42 00:01:48,233 --> 00:01:51,134 situation regarding the issue is very fluid and changing by 43 00:01:51,134 --> 00:01:54,300 is very fluid and changing by the hour. so after nine rounds 44 00:01:54,300 --> 00:01:58,333 the hour. so after nine rounds of negotiations between the EU 45 00:01:58,333 --> 00:01:59,799 of negotiations between the EU and the UK, the remain 46 00:01:59,799 --> 00:02:01,334 and the UK, the remain sustainable between the two 47 00:02:01,334 --> 00:02:03,767 sustainable between the two fights on two key issues, state 48 00:02:03,767 --> 00:02:06,534 fights on two key issues, state aid rules so called level 49 00:02:06,534 --> 00:02:09,533 aid rules so called level playing field and fisheries and 50 00:02:09,533 --> 00:02:12,000 playing field and fisheries and the. Sees agreement on these 51 00:02:12,000 --> 00:02:15,400 the. Sees agreement on these two issues as a prerequisite 52 00:02:15,400 --> 00:02:17,766 two issues as a prerequisite for overall deal, which has 53 00:02:17,766 --> 00:02:18,234 for overall deal, which has halted progress in more 54 00:02:18,234 --> 00:02:21,799 halted progress in more immediate areas such as 55 00:02:21,799 --> 00:02:23,767 immediate areas such as financial services. Also time 56 00:02:23,767 --> 00:02:26,467 financial services. Also time is running out with the 57 00:02:26,467 --> 00:02:28,099 is running out with the transition period coming to an 58 00:02:28,099 --> 00:02:30,400 transition period coming to an end on December 31st Any 59 00:02:30,400 --> 00:02:32,267 end on December 31st Any agreement would realistically 60 00:02:32,267 --> 00:02:34,266 agreement would realistically need to be struck this week in 61 00:02:34,266 --> 00:02:36,699 need to be struck this week in order to be ratified by UK and 62 00:02:36,699 --> 00:02:40,200 order to be ratified by UK and the parliaments in time. so. 63 00:02:40,200 --> 00:02:41,866 the parliaments in time. so. Have increased moving to a 64 00:02:41,866 --> 00:02:43,699 Have increased moving to a restricted format with fewer 65 00:02:43,699 --> 00:02:45,967 restricted format with fewer officials from both sides in 66 00:02:45,967 --> 00:02:47,699 officials from both sides in the past week, and there are 67 00:02:47,699 --> 00:02:49,767 the past week, and there are some signs of compromise but 68 00:02:49,767 --> 00:02:51,100 some signs of compromise but you know this situation as I 69 00:02:51,100 --> 00:02:53,967 you know this situation as I say it’s very fluid and all all 70 00:02:53,967 --> 00:02:55,901 say it’s very fluid and all all these must be placed in the 71 00:02:55,901 --> 00:02:57,100 these must be placed in the context of what has been going 72 00:02:57,100 --> 00:03:01,034 context of what has been going on in the past few weeks, 73 00:03:01,900 --> 00:03:05,766 including um the uh passage of 74 00:03:05,766 --> 00:03:07,733 including um the uh passage of the UK internal market deal 75 00:03:07,733 --> 00:03:09,667 the UK internal market deal giving powers to the UK. 76 00:03:09,667 --> 00:03:11,500 giving powers to the UK. Ministers to circumvent the 77 00:03:11,500 --> 00:03:13,900 Ministers to circumvent the Northern Island protocol in 78 00:03:13,900 --> 00:03:15,300 Northern Island protocol in certain circumstances drew 79 00:03:15,300 --> 00:03:17,367 certain circumstances drew condemnation across the U and 80 00:03:17,367 --> 00:03:18,667 condemnation across the U and part of the UK, with pre 81 00:03:18,667 --> 00:03:20,334 part of the UK, with pre claiming that trust has now 82 00:03:20,334 --> 00:03:21,800 claiming that trust has now been seriously damaged between 83 00:03:21,800 --> 00:03:24,434 been seriously damaged between the two sites. Now we are 84 00:03:24,434 --> 00:03:25,833 the two sites. Now we are clearly seeing a lot of 85 00:03:25,833 --> 00:03:27,167 clearly seeing a lot of questions around the specifics 86 00:03:27,167 --> 00:03:29,400 questions around the specifics of the single issues such such 87 00:03:29,400 --> 00:03:33,434 of the single issues such such as negotiating tactics and 88 00:03:33,434 --> 00:03:36,333 as negotiating tactics and contingency grants. However, I 89 00:03:36,333 --> 00:03:37,733 contingency grants. However, I believe that uh it will be 90 00:03:37,733 --> 00:03:39,300 believe that uh it will be useful for us and for our 91 00:03:39,300 --> 00:03:40,866 useful for us and for our listeners to take a few steps 92 00:03:40,866 --> 00:03:42,933 listeners to take a few steps back. And start our reflection 93 00:03:42,933 --> 00:03:44,800 back. And start our reflection on broad aspects of the 94 00:03:44,800 --> 00:03:47,000 on broad aspects of the situation We are we are in now, 95 00:03:47,000 --> 00:03:49,966 situation We are we are in now, so I would like to start with 96 00:03:49,966 --> 00:03:52,433 so I would like to start with uh would you like to start uh 97 00:03:52,433 --> 00:03:53,767 uh would you like to start uh this reflection on the brother 98 00:03:53,767 --> 00:03:56,234 this reflection on the brother issue where uh where are we now 99 00:03:56,234 --> 00:03:57,667 issue where uh where are we now and why we are in this 100 00:03:57,667 --> 00:03:59,000 and why we are in this situation? We are here now, 101 00:03:59,000 --> 00:04:02,800 situation? We are here now, which is your your reflections 102 00:04:02,800 --> 00:04:05,467 which is your your reflections in this very charged 103 00:04:05,467 --> 00:04:06,033 in this very charged diplomatically charged week. 104 00:04:06,033 --> 00:04:09,233 diplomatically charged week. Let’s uh let’s put it like that 105 00:04:09,233 --> 00:04:11,267 Let’s uh let’s put it like that well. uh thank you very much. 106 00:04:11,267 --> 00:04:13,167 well. uh thank you very much. It’s a real pleasure to uh 107 00:04:13,167 --> 00:04:15,333 It’s a real pleasure to uh actually be. In the office 108 00:04:15,333 --> 00:04:17,900 actually be. In the office today and in our studio um and 109 00:04:17,900 --> 00:04:19,133 today and in our studio um and actually have have a headset 110 00:04:19,133 --> 00:04:21,800 actually have have a headset rear microphone and talk to you 111 00:04:21,800 --> 00:04:23,933 rear microphone and talk to you and today about that um and see 112 00:04:23,933 --> 00:04:27,266 and today about that um and see some of you in person um as you 113 00:04:27,266 --> 00:04:30,000 some of you in person um as you said, it’s a very charged week 114 00:04:30,000 --> 00:04:31,767 said, it’s a very charged week um and I think in such a week, 115 00:04:31,767 --> 00:04:33,334 um and I think in such a week, it’s it’s probably useful to 116 00:04:33,334 --> 00:04:35,734 it’s it’s probably useful to have the local your back and 117 00:04:35,734 --> 00:04:38,234 have the local your back and then uh you know, look at some 118 00:04:38,234 --> 00:04:43,200 then uh you know, look at some of the key issues that um. 119 00:05:15,234 --> 00:05:17,933 Read to you Uh there was then 120 00:05:17,933 --> 00:05:19,967 Read to you Uh there was then later on the notification and 121 00:05:19,967 --> 00:05:22,533 later on the notification and you did not negotiate with the 122 00:05:22,533 --> 00:05:25,967 you did not negotiate with the UK before um the UK notified um 123 00:05:25,967 --> 00:05:29,100 UK before um the UK notified um the um of uh of his intention 124 00:05:29,100 --> 00:05:30,667 the um of uh of his intention to leave and since since then 125 00:05:30,667 --> 00:05:32,834 to leave and since since then there been lots of 126 00:05:32,834 --> 00:05:34,567 there been lots of negotiations, ongoing and of 127 00:05:34,567 --> 00:05:37,667 negotiations, ongoing and of course, the UK has left um um 128 00:05:37,667 --> 00:05:40,000 course, the UK has left um um as of the end of January of 129 00:05:40,000 --> 00:05:43,100 as of the end of January of this year um so we are now in 130 00:05:43,100 --> 00:05:45,767 this year um so we are now in the transition period and this 131 00:05:45,767 --> 00:05:46,666 the transition period and this transition period we’re running 132 00:05:46,666 --> 00:05:48,234 transition period we’re running to cause by the end of this 133 00:05:48,234 --> 00:05:51,500 to cause by the end of this year um meaning. As of next 134 00:05:51,500 --> 00:05:54,234 year um meaning. As of next year, um the relationship um in 135 00:05:54,234 --> 00:05:56,767 year, um the relationship um in trade in all matters in the UK 136 00:05:56,767 --> 00:05:59,866 trade in all matters in the UK is um as of now uh still 137 00:05:59,866 --> 00:06:01,834 is um as of now uh still undefined and if there’s no 138 00:06:01,834 --> 00:06:03,967 undefined and if there’s no deal struck in trade matters, 139 00:06:03,967 --> 00:06:07,233 deal struck in trade matters, it will be based um trade uh so 140 00:06:07,233 --> 00:06:10,266 it will be based um trade uh so we’re trade organization based 141 00:06:10,266 --> 00:06:11,767 we’re trade organization based uh trade relationship I think 142 00:06:11,767 --> 00:06:14,000 uh trade relationship I think going back uh looking back at 143 00:06:14,000 --> 00:06:15,533 going back uh looking back at the bigger picture, It is fair 144 00:06:15,533 --> 00:06:19,767 the bigger picture, It is fair to say that um the um has um so 145 00:06:19,767 --> 00:06:23,934 to say that um the um has um so far been. Quite um rapid and 146 00:06:23,934 --> 00:06:26,266 far been. Quite um rapid and very united in its in its 147 00:06:26,266 --> 00:06:30,400 very united in its in its response um to uh to um the 148 00:06:30,400 --> 00:06:32,000 response um to uh to um the United Kingdom leaving and 149 00:06:32,000 --> 00:06:34,200 United Kingdom leaving and leaving the you um and I think 150 00:06:34,200 --> 00:06:37,100 leaving the you um and I think it really um uh we share the 151 00:06:37,100 --> 00:06:39,067 it really um uh we share the chief negotiator negotiator for 152 00:06:39,067 --> 00:06:41,267 chief negotiator negotiator for the chief negotiator for the 153 00:06:41,267 --> 00:06:43,699 the chief negotiator for the You who deserves credit for uh 154 00:06:43,699 --> 00:06:46,834 You who deserves credit for uh the United of the new so has 155 00:06:46,834 --> 00:06:49,767 the United of the new so has been United also thanks to 156 00:06:49,767 --> 00:06:52,133 been United also thanks to thanks to who really managed to 157 00:06:52,133 --> 00:06:53,467 thanks to who really managed to bring people together. Bring um 158 00:06:53,467 --> 00:06:57,133 bring people together. Bring um all the states to. Andy the 159 00:06:57,133 --> 00:07:00,667 all the states to. Andy the United uh front uh the question 160 00:07:00,667 --> 00:07:02,766 United uh front uh the question really is and here I’m 161 00:07:02,766 --> 00:07:05,900 really is and here I’m borrowing a bit from uh the 162 00:07:05,900 --> 00:07:07,367 borrowing a bit from uh the director of the center in 163 00:07:07,367 --> 00:07:10,000 director of the center in Florence who coined the phrase 164 00:07:10,000 --> 00:07:14,000 Florence who coined the phrase um uh united um so rapid united 165 00:07:14,000 --> 00:07:16,700 um uh united um so rapid united and effect um the question 166 00:07:16,700 --> 00:07:19,299 and effect um the question really is whether the US uh is 167 00:07:19,299 --> 00:07:21,866 really is whether the US uh is is fact and I think this is 168 00:07:21,866 --> 00:07:22,900 is fact and I think this is really what is at stake and I 169 00:07:22,900 --> 00:07:26,300 really what is at stake and I would argue here. The failure 170 00:07:26,300 --> 00:07:29,967 would argue here. The failure to agree a deal um especially 171 00:07:29,967 --> 00:07:32,700 to agree a deal um especially if we fail to agree uh agree on 172 00:07:32,700 --> 00:07:36,166 if we fail to agree uh agree on the fishery rights with uh mean 173 00:07:36,166 --> 00:07:37,900 the fishery rights with uh mean that we have not been affected 174 00:07:37,900 --> 00:07:40,233 that we have not been affected and um that means we as you 175 00:07:40,233 --> 00:07:42,567 and um that means we as you have not been affected and we 176 00:07:42,567 --> 00:07:44,867 have not been affected and we as um the negotiate as meaning 177 00:07:44,867 --> 00:07:47,700 as um the negotiate as meaning of UK has not been affected. 178 00:07:47,700 --> 00:07:51,266 of UK has not been affected. This is about um in reaching um 179 00:07:51,266 --> 00:07:53,300 This is about um in reaching um uh a trade negotiation um and 180 00:07:53,300 --> 00:07:56,766 uh a trade negotiation um and coming to a. 181 00:08:26,800 --> 00:08:27,467 Reassess um where the balance 182 00:08:27,467 --> 00:08:29,433 Reassess um where the balance is because ultimately now it’s 183 00:08:29,433 --> 00:08:31,200 is because ultimately now it’s about finding the work of the 184 00:08:31,200 --> 00:08:33,834 about finding the work of the right balance between market 185 00:08:33,834 --> 00:08:35,766 right balance between market access on one hand, uh and on 186 00:08:35,766 --> 00:08:37,134 access on one hand, uh and on the other hand of course, 187 00:08:37,134 --> 00:08:38,734 the other hand of course, ensuring ensuring the level of 188 00:08:38,734 --> 00:08:39,400 ensuring ensuring the level of playing field and I think 189 00:08:39,400 --> 00:08:41,801 playing field and I think that’s really at stake and I 190 00:08:41,801 --> 00:08:43,400 that’s really at stake and I will I would really um hope 191 00:08:43,400 --> 00:08:46,033 will I would really um hope that um you know after four and 192 00:08:46,033 --> 00:08:48,334 that um you know after four and a half years um this can come 193 00:08:48,334 --> 00:08:53,000 a half years um this can come to uh to a good and um and uh I 194 00:08:53,000 --> 00:08:56,400 to uh to a good and um and uh I would say um the you also. Um 195 00:08:56,400 --> 00:08:59,833 would say um the you also. Um um if 196 00:09:00,800 --> 00:09:06,834 um uh thank you, thank you um 197 00:09:06,834 --> 00:09:11,167 um uh thank you, thank you um and uh what is your uh brother 198 00:09:11,167 --> 00:09:14,900 and uh what is your uh brother vision. Uh I know that there is 199 00:09:14,900 --> 00:09:18,000 vision. Uh I know that there is a technical problem with uh to 200 00:09:18,000 --> 00:09:20,267 a technical problem with uh to to to be here uh which is going 201 00:09:20,267 --> 00:09:23,334 to to be here uh which is going to be sold in the podcast uh in 202 00:09:23,334 --> 00:09:26,333 to be sold in the podcast uh in the podcast um version of uh 203 00:09:26,333 --> 00:09:28,833 the podcast um version of uh of. We are we are sorting it 204 00:09:28,833 --> 00:09:31,233 of. We are we are sorting it out in a few seconds so I would 205 00:09:31,233 --> 00:09:35,366 out in a few seconds so I would like to ask Andrea to uh give 206 00:09:35,366 --> 00:09:37,633 like to ask Andrea to uh give the brother his brother 207 00:09:37,633 --> 00:09:39,300 the brother his brother analysis of the situation and 208 00:09:39,300 --> 00:09:42,933 analysis of the situation and I’m apologizing to the um to 209 00:09:42,933 --> 00:09:47,467 I’m apologizing to the um to the listeners for this glitch. 210 00:11:51,200 --> 00:11:53,200 And China in terms of 211 00:11:53,200 --> 00:11:56,799 And China in terms of partnership uh of trade visa EU 212 00:11:56,799 --> 00:12:00,234 partnership uh of trade visa EU does show that it is very large 213 00:12:00,234 --> 00:12:01,067 does show that it is very large partner now, obviously it’s 214 00:12:01,067 --> 00:12:02,699 partner now, obviously it’s more important for some EU 215 00:12:02,699 --> 00:12:04,799 more important for some EU countries than for others, and 216 00:12:04,799 --> 00:12:06,200 countries than for others, and that is obviously playing a 217 00:12:06,200 --> 00:12:08,201 that is obviously playing a role in the in the dynamics 218 00:12:08,201 --> 00:12:10,600 role in the in the dynamics inside the European Union and I 219 00:12:10,600 --> 00:12:14,633 inside the European Union and I very much agree with with that 220 00:12:14,633 --> 00:12:18,633 very much agree with with that has manage. The uh the the 221 00:12:18,633 --> 00:12:20,200 has manage. The uh the the negotiation inside the EU 222 00:12:20,200 --> 00:12:21,833 negotiation inside the EU beautifully I mean it was not 223 00:12:21,833 --> 00:12:26,733 beautifully I mean it was not uh given that uh having 27 224 00:12:26,733 --> 00:12:27,734 uh given that uh having 27 countries with different 225 00:12:27,734 --> 00:12:29,234 countries with different interest in their relationship 226 00:12:29,234 --> 00:12:32,400 interest in their relationship to the UK would manage all the 227 00:12:32,400 --> 00:12:35,967 to the UK would manage all the way uh to have a close uh and 228 00:12:35,967 --> 00:12:38,933 way uh to have a close uh and United United from so that has 229 00:12:38,933 --> 00:12:41,467 United United from so that has been there But as I said, the 230 00:12:41,467 --> 00:12:42,967 been there But as I said, the UK is an important partner for 231 00:12:42,967 --> 00:12:44,367 UK is an important partner for the EU, just like the EU, an 232 00:12:44,367 --> 00:12:46,733 the EU, just like the EU, an important partner for UK and 233 00:12:46,733 --> 00:12:49,100 important partner for UK and that’s the reason why from the 234 00:12:49,100 --> 00:12:53,667 that’s the reason why from the start uh of. The more modest 235 00:12:53,667 --> 00:12:55,367 start uh of. The more modest negotiation on trade uh I’ve 236 00:12:55,367 --> 00:12:57,967 negotiation on trade uh I’ve been very optimistic that a 237 00:12:57,967 --> 00:13:00,966 been very optimistic that a deal will be struck. uh I don’t 238 00:13:00,966 --> 00:13:02,667 deal will be struck. uh I don’t think I deal with this truck 239 00:13:02,667 --> 00:13:05,666 think I deal with this truck this week uh but I think a deal 240 00:13:05,666 --> 00:13:08,967 this week uh but I think a deal will be struck uh before uh 241 00:13:08,967 --> 00:13:12,666 will be struck uh before uh before midnight in time for the 242 00:13:12,666 --> 00:13:14,767 before midnight in time for the ratification and the 243 00:13:14,767 --> 00:13:16,400 ratification and the implementation of the deal uh 244 00:13:16,400 --> 00:13:18,834 implementation of the deal uh as of January, the first uh of 245 00:13:18,834 --> 00:13:20,567 as of January, the first uh of next year, a second factor 246 00:13:20,567 --> 00:13:23,967 next year, a second factor that. I want to bring in uh on 247 00:13:23,967 --> 00:13:25,534 that. I want to bring in uh on the bigger picture and which I 248 00:13:25,534 --> 00:13:27,733 the bigger picture and which I have observed and I think which 249 00:13:27,733 --> 00:13:29,267 have observed and I think which has been very important. I 250 00:13:29,267 --> 00:13:34,634 has been very important. I think the UK is not handed very 251 00:13:34,634 --> 00:13:38,900 think the UK is not handed very well. The UK Irish uh 252 00:13:38,900 --> 00:13:42,299 well. The UK Irish uh relationship um and I think the 253 00:13:42,299 --> 00:13:43,767 relationship um and I think the that’s on the politics. uh it’s 254 00:13:43,767 --> 00:13:44,934 that’s on the politics. uh it’s obviously a very important 255 00:13:44,934 --> 00:13:46,867 obviously a very important economic relationship, but it’s 256 00:13:46,867 --> 00:13:50,566 economic relationship, but it’s also a very important political 257 00:13:50,566 --> 00:13:51,267 also a very important political relationship and we have seen 258 00:13:51,267 --> 00:13:52,633 relationship and we have seen all along and especially in the 259 00:13:52,633 --> 00:13:57,733 all along and especially in the recent weeks. That uh the UK 260 00:13:57,733 --> 00:14:02,899 recent weeks. That uh the UK Irish uh relationship um as a 261 00:14:02,899 --> 00:14:04,267 Irish uh relationship um as a up and down all the all the 262 00:14:04,267 --> 00:14:06,934 up and down all the all the time and you know uh the UK 263 00:14:06,934 --> 00:14:07,600 time and you know uh the UK bringing at the very last 264 00:14:07,600 --> 00:14:10,801 bringing at the very last moment this uh this new uh this 265 00:14:10,801 --> 00:14:12,434 moment this uh this new uh this new bill, which is a night uh 266 00:14:12,434 --> 00:14:13,867 new bill, which is a night uh everybody on the on the 267 00:14:13,867 --> 00:14:15,366 everybody on the on the European side. so I think what 268 00:14:15,366 --> 00:14:18,966 European side. so I think what has happened is that island uh 269 00:14:18,966 --> 00:14:21,366 has happened is that island uh a small a small country in the 270 00:14:21,366 --> 00:14:22,133 a small a small country in the in the EU, obviously very big 271 00:14:22,133 --> 00:14:24,234 in the EU, obviously very big in the relationship with the UK 272 00:14:24,234 --> 00:14:26,600 in the relationship with the UK has managed very successfully 273 00:14:26,600 --> 00:14:29,200 has managed very successfully to have the other. Countries 274 00:14:29,200 --> 00:14:32,333 to have the other. Countries running behind it to protect it 275 00:14:32,333 --> 00:14:34,600 running behind it to protect it in a sense it has shown that 276 00:14:34,600 --> 00:14:36,200 in a sense it has shown that this issue of solidarity, which 277 00:14:36,200 --> 00:14:37,700 this issue of solidarity, which is always being put forward in 278 00:14:37,700 --> 00:14:40,467 is always being put forward in the in the EU as work 279 00:14:40,467 --> 00:14:41,767 the in the EU as work beautifully one in the case of 280 00:14:41,767 --> 00:14:44,167 beautifully one in the case of I you know Island is in a sense 281 00:14:44,167 --> 00:14:45,966 I you know Island is in a sense appealed to the other EU 282 00:14:45,966 --> 00:14:49,467 appealed to the other EU country look um the small guy 283 00:14:49,467 --> 00:14:52,433 country look um the small guy visa the UK. I need the help of 284 00:14:52,433 --> 00:14:54,867 visa the UK. I need the help of the EU. I need to have the EU 285 00:14:54,867 --> 00:14:57,567 the EU. I need to have the EU united so that I will not be 286 00:14:57,567 --> 00:15:01,199 united so that I will not be exposed uh. As the weak partner 287 00:15:01,199 --> 00:15:02,400 exposed uh. As the weak partner in the relationship with the 288 00:15:02,400 --> 00:15:04,000 in the relationship with the with the UK and I think that 289 00:15:04,000 --> 00:15:05,466 with the UK and I think that has worked very well and I 290 00:15:05,466 --> 00:15:08,699 has worked very well and I think that the UK is under 291 00:15:08,699 --> 00:15:11,334 think that the UK is under estimated that so I think you 292 00:15:11,334 --> 00:15:11,967 estimated that so I think you know from an economic viewpoint 293 00:15:11,967 --> 00:15:14,266 know from an economic viewpoint from a political viewpoint that 294 00:15:14,266 --> 00:15:16,834 from a political viewpoint that ignites time to uh to come to 295 00:15:16,834 --> 00:15:19,800 ignites time to uh to come to everybody’s senses and make an 296 00:15:19,800 --> 00:15:22,200 everybody’s senses and make an agreement uh but uh I think 297 00:15:22,200 --> 00:15:23,500 agreement uh but uh I think this is this is the bigger 298 00:15:23,500 --> 00:15:24,966 this is this is the bigger picture as far as I’m concerned 299 00:15:24,966 --> 00:15:27,467 picture as far as I’m concerned sort of this trade uh 300 00:15:27,467 --> 00:15:30,767 sort of this trade uh negotiation. 301 00:15:58,767 --> 00:16:02,167 Of October 4 years later, uh 302 00:16:02,167 --> 00:16:05,266 Of October 4 years later, uh almost uh more of that and I’m 303 00:16:05,266 --> 00:16:07,000 almost uh more of that and I’m um and I find it remarkable 304 00:16:07,000 --> 00:16:10,334 um and I find it remarkable that uh even though as uh, 305 00:16:10,334 --> 00:16:11,967 that uh even though as uh, Andrea has said our incentives 306 00:16:11,967 --> 00:16:13,566 Andrea has said our incentives are aligned uh economic 307 00:16:13,566 --> 00:16:15,733 are aligned uh economic incentives, but I dare say even 308 00:16:15,733 --> 00:16:18,533 incentives, but I dare say even beyond economic descendants if 309 00:16:18,533 --> 00:16:19,734 beyond economic descendants if they are aligned our um and we 310 00:16:19,734 --> 00:16:22,167 they are aligned our um and we still haven’t managed to 311 00:16:22,167 --> 00:16:22,900 still haven’t managed to basically write it down on 312 00:16:22,900 --> 00:16:24,367 basically write it down on paper. I find that rather 313 00:16:24,367 --> 00:16:26,367 paper. I find that rather remarkable, I mean I would have 314 00:16:26,367 --> 00:16:28,000 remarkable, I mean I would have thought uh as soon as we had 315 00:16:28,000 --> 00:16:29,334 thought uh as soon as we had the withdrawal agreement out of 316 00:16:29,334 --> 00:16:30,833 the withdrawal agreement out of the way because now, they said 317 00:16:30,833 --> 00:16:32,200 the way because now, they said his weren’t necessarily 318 00:16:32,200 --> 00:16:33,733 his weren’t necessarily aligned. I could imagine the UK 319 00:16:33,733 --> 00:16:35,967 aligned. I could imagine the UK trying to. Want to pay less 320 00:16:35,967 --> 00:16:38,800 trying to. Want to pay less whereas you were trying to pass 321 00:16:38,800 --> 00:16:40,466 whereas you were trying to pass the UK to pay more, I could I 322 00:16:40,466 --> 00:16:42,699 the UK to pay more, I could I could buy the idea that 323 00:16:42,699 --> 00:16:44,066 could buy the idea that incentives were not totally 324 00:16:44,066 --> 00:16:45,534 incentives were not totally aligned, but when it comes to 325 00:16:45,534 --> 00:16:46,767 aligned, but when it comes to the future relationships, you 326 00:16:46,767 --> 00:16:47,834 the future relationships, you know to how we’re going to 327 00:16:47,834 --> 00:16:49,234 know to how we’re going to interact with each other as you 328 00:16:49,234 --> 00:16:51,200 interact with each other as you know as of uh generally after 329 00:16:51,200 --> 00:16:54,100 know as of uh generally after that, you know the better we 330 00:16:54,100 --> 00:16:55,833 that, you know the better we negotiate that the idea the 331 00:16:55,833 --> 00:16:57,333 negotiate that the idea the better we both will do the is 332 00:16:57,333 --> 00:16:59,167 better we both will do the is the trade of here uh and yet we 333 00:16:59,167 --> 00:17:00,400 the trade of here uh and yet we haven’t managed to do that. I 334 00:17:00,400 --> 00:17:02,767 haven’t managed to do that. I find that uh remarkable uh and 335 00:17:02,767 --> 00:17:05,167 find that uh remarkable uh and you know in in um in any 336 00:17:05,167 --> 00:17:06,267 you know in in um in any negotiations, there are two 337 00:17:06,267 --> 00:17:06,966 negotiations, there are two parties here. Right. there is a 338 00:17:06,966 --> 00:17:08,733 parties here. Right. there is a lot that uh in my view has gone 339 00:17:08,733 --> 00:17:09,967 lot that uh in my view has gone wrong in the UK primarily on 340 00:17:09,967 --> 00:17:12,467 wrong in the UK primarily on the. Political side uh and it 341 00:17:12,467 --> 00:17:14,967 the. Political side uh and it fits in my view with a much 342 00:17:14,967 --> 00:17:16,267 fits in my view with a much broader political atmosphere in 343 00:17:16,267 --> 00:17:18,333 broader political atmosphere in the global uh in the global 344 00:17:18,333 --> 00:17:21,266 the global uh in the global scene, um which a lot of things 345 00:17:21,266 --> 00:17:22,799 scene, um which a lot of things unpredictable and you know when 346 00:17:22,799 --> 00:17:23,834 unpredictable and you know when things are unpredictable, they 347 00:17:23,834 --> 00:17:25,266 things are unpredictable, they can go in different directions, 348 00:17:25,266 --> 00:17:27,633 can go in different directions, not all of them Sens ago, so we 349 00:17:27,633 --> 00:17:28,567 not all of them Sens ago, so we have gone into avenues that in 350 00:17:28,567 --> 00:17:30,233 have gone into avenues that in my view have not necessarily 351 00:17:30,233 --> 00:17:31,900 my view have not necessarily been sensible have been mostly 352 00:17:31,900 --> 00:17:34,367 been sensible have been mostly nonsensical um and therefore it 353 00:17:34,367 --> 00:17:35,800 nonsensical um and therefore it therefore it makes very 354 00:17:35,800 --> 00:17:37,167 therefore it makes very unpredictable. Um so you know 355 00:17:37,167 --> 00:17:38,833 unpredictable. Um so you know when when when this happens the 356 00:17:38,833 --> 00:17:40,367 when when when this happens the probability of accidents namely 357 00:17:40,367 --> 00:17:42,800 probability of accidents namely in 2 months from now we have no 358 00:17:42,800 --> 00:17:44,267 in 2 months from now we have no deal is not insignificant. It 359 00:17:44,267 --> 00:17:45,834 deal is not insignificant. It can happen and we shouldn’t be 360 00:17:45,834 --> 00:17:47,801 can happen and we shouldn’t be here. We shouldn’t be at the 361 00:17:47,801 --> 00:17:50,201 here. We shouldn’t be at the level where we have to 362 00:17:50,201 --> 00:17:51,967 level where we have to contemplate accidents happening 363 00:17:51,967 --> 00:17:54,234 contemplate accidents happening in it would have been a lot 364 00:17:54,234 --> 00:17:55,733 in it would have been a lot easier to get to this um so 365 00:17:55,733 --> 00:17:57,400 easier to get to this um so yeah I mean, and there are two 366 00:17:57,400 --> 00:17:59,667 yeah I mean, and there are two parties here one is uh the UK 367 00:17:59,667 --> 00:18:02,200 parties here one is uh the UK that has got all these problems 368 00:18:02,200 --> 00:18:03,899 that has got all these problems and has got a lot to lose on 369 00:18:03,899 --> 00:18:04,400 and has got a lot to lose on the other side. You have the 370 00:18:04,400 --> 00:18:06,667 the other side. You have the EU, which has been equally 371 00:18:06,667 --> 00:18:09,233 EU, which has been equally remarkably, united and 372 00:18:09,233 --> 00:18:11,800 remarkably, united and consistent um, but that has 373 00:18:11,800 --> 00:18:13,333 consistent um, but that has also made the union in transit 374 00:18:13,333 --> 00:18:14,367 also made the union in transit at least from the perspective 375 00:18:14,367 --> 00:18:17,333 at least from the perspective of the UK. um. And you know the 376 00:18:17,333 --> 00:18:18,900 of the UK. um. And you know the question is is this necessarily 377 00:18:18,900 --> 00:18:21,267 question is is this necessarily a good thing or is it simply 378 00:18:21,267 --> 00:18:21,900 a good thing or is it simply increasing the probability of 379 00:18:21,900 --> 00:18:24,266 increasing the probability of no outcome and if it is 380 00:18:24,266 --> 00:18:25,267 no outcome and if it is increasing the probability of 381 00:18:25,267 --> 00:18:27,867 increasing the probability of no outcome, I think they also 382 00:18:27,867 --> 00:18:30,699 no outcome, I think they also need to consider what uh a UK 383 00:18:30,699 --> 00:18:33,666 need to consider what uh a UK AU member living actually means 384 00:18:33,666 --> 00:18:35,767 AU member living actually means um in terms of you know gaining 385 00:18:35,767 --> 00:18:37,333 um in terms of you know gaining back control. If I’m gonna use 386 00:18:37,333 --> 00:18:39,766 back control. If I’m gonna use this expression so um you know 387 00:18:39,766 --> 00:18:41,200 this expression so um you know uh I would like to be as 388 00:18:41,200 --> 00:18:43,767 uh I would like to be as optimistic as Andrea. I think I 389 00:18:43,767 --> 00:18:45,266 optimistic as Andrea. I think I think at the end of the day, 390 00:18:45,266 --> 00:18:47,466 think at the end of the day, II, you know I can sense to 391 00:18:47,466 --> 00:18:48,933 II, you know I can sense to prevail. We both have a lot to 392 00:18:48,933 --> 00:18:51,267 prevail. We both have a lot to lose. We shouldn’t uh, but I 393 00:18:51,267 --> 00:18:54,733 lose. We shouldn’t uh, but I fear that accidents are also 394 00:18:54,733 --> 00:18:56,167 fear that accidents are also likely along the way. Thank 395 00:18:56,167 --> 00:18:57,467 likely along the way. Thank you. Thank you mayor would like 396 00:18:57,467 --> 00:18:59,433 you. Thank you mayor would like to ask for uh any kind of 397 00:18:59,433 --> 00:19:03,167 to ask for uh any kind of follow up uh remark. uh do you 398 00:19:03,167 --> 00:19:08,699 follow up uh remark. uh do you agree with uh with Maria Andre. 399 00:19:08,699 --> 00:19:12,500 agree with uh with Maria Andre. Well, I mean uh indeed um the 400 00:19:12,500 --> 00:19:16,533 Well, I mean uh indeed um the issue of um weather and how uh 401 00:19:16,533 --> 00:19:17,966 issue of um weather and how uh how likely it is that we get a 402 00:19:17,966 --> 00:19:20,633 how likely it is that we get a deal. um I think is uh is um is 403 00:19:20,633 --> 00:19:22,367 deal. um I think is uh is um is still unresolved and I think 404 00:19:22,367 --> 00:19:24,801 still unresolved and I think Maria is right that accident 405 00:19:24,801 --> 00:19:27,234 Maria is right that accident accidents can happen and the 406 00:19:27,234 --> 00:19:29,133 accidents can happen and the fishery issue um is certainly 407 00:19:29,133 --> 00:19:30,367 fishery issue um is certainly an issue that is quite uh quite 408 00:19:30,367 --> 00:19:32,299 an issue that is quite uh quite difficult to deal with right 409 00:19:32,299 --> 00:19:34,600 difficult to deal with right and um I think on the fisheries 410 00:19:34,600 --> 00:19:36,734 and um I think on the fisheries if I if I can say that one word 411 00:19:36,734 --> 00:19:39,500 if I if I can say that one word um on the fisheries um uh the 412 00:19:39,500 --> 00:19:42,667 um on the fisheries um uh the U. Position is essentially well 413 00:19:42,667 --> 00:19:44,167 U. Position is essentially well uh you know we are leaving the 414 00:19:44,167 --> 00:19:46,900 uh you know we are leaving the EU and uh isn’t it you uh the 415 00:19:46,900 --> 00:19:49,266 EU and uh isn’t it you uh the UK uh the U that have always 416 00:19:49,266 --> 00:19:50,866 UK uh the U that have always told us that leaving has 417 00:19:50,866 --> 00:19:52,399 told us that leaving has consequences well here you go. 418 00:19:52,399 --> 00:19:54,967 consequences well here you go. We leave so our fishery waters 419 00:19:54,967 --> 00:19:56,567 We leave so our fishery waters are our waters. Why do you want 420 00:19:56,567 --> 00:19:58,000 are our waters. Why do you want to continue to have the same 421 00:19:58,000 --> 00:20:00,000 to continue to have the same access as before? so that’s the 422 00:20:00,000 --> 00:20:01,899 access as before? so that’s the UK position and I think from 423 00:20:01,899 --> 00:20:03,900 UK position and I think from that point of view, I 424 00:20:03,900 --> 00:20:05,467 that point of view, I understand that position and I 425 00:20:05,467 --> 00:20:07,967 understand that position and I really think you um uh, of 426 00:20:07,967 --> 00:20:11,767 really think you um uh, of course um. 427 00:21:36,367 --> 00:21:40,767 Thank you. Thank you. 428 00:21:45,833 --> 00:21:49,267 Before we can you hear me now 429 00:21:49,267 --> 00:21:52,567 Before we can you hear me now great. Thank you uh so indeed I 430 00:21:52,567 --> 00:21:56,267 great. Thank you uh so indeed I would say uh would pretty much 431 00:21:56,267 --> 00:21:57,933 would say uh would pretty much agree with you that uh if uh 432 00:21:57,933 --> 00:22:01,133 agree with you that uh if uh it’s uh a for the negotiation 433 00:22:01,133 --> 00:22:01,966 it’s uh a for the negotiation team, but I think this is what 434 00:22:01,966 --> 00:22:04,200 team, but I think this is what we retain out of uh all these 435 00:22:04,200 --> 00:22:05,667 we retain out of uh all these reflection. It’s a tactic. It’s 436 00:22:05,667 --> 00:22:07,200 reflection. It’s a tactic. It’s okay, but if it’s one of the 437 00:22:07,200 --> 00:22:08,700 okay, but if it’s one of the red lines, then we have a 438 00:22:08,700 --> 00:22:11,333 red lines, then we have a problem um on the off elements 439 00:22:11,333 --> 00:22:12,300 problem um on the off elements that there is on the table, 440 00:22:12,300 --> 00:22:14,833 that there is on the table, which is quite specific, which 441 00:22:14,833 --> 00:22:17,533 which is quite specific, which is state aid. Uh how. Uh I mean 442 00:22:17,533 --> 00:22:18,967 is state aid. Uh how. Uh I mean I would like to zoom in a 443 00:22:18,967 --> 00:22:21,066 I would like to zoom in a little bit because it seems to 444 00:22:21,066 --> 00:22:22,867 little bit because it seems to me that uh it’s a little bit 445 00:22:22,867 --> 00:22:25,467 me that uh it’s a little bit more. uh it’s brother issue 446 00:22:25,467 --> 00:22:29,234 more. uh it’s brother issue than than a potential uh red 447 00:22:29,234 --> 00:22:31,799 than than a potential uh red line tactic uh negotiation 448 00:22:31,799 --> 00:22:33,466 line tactic uh negotiation negotiating card. It seems to 449 00:22:33,466 --> 00:22:35,900 negotiating card. It seems to me a brother, a brother issue 450 00:22:35,900 --> 00:22:38,234 me a brother, a brother issue that can affect you know uh 451 00:22:38,234 --> 00:22:39,634 that can affect you know uh things like competition policy 452 00:22:39,634 --> 00:22:42,400 things like competition policy trade and and you name it so I 453 00:22:42,400 --> 00:22:46,200 trade and and you name it so I would like to ask um we start 454 00:22:46,200 --> 00:22:46,967 would like to ask um we start uh in a different order this 455 00:22:46,967 --> 00:22:49,967 uh in a different order this time we’d like to ask uh man to 456 00:22:49,967 --> 00:22:53,300 time we’d like to ask uh man to um to to. Her view and zoom in 457 00:22:53,300 --> 00:22:54,466 um to to. Her view and zoom in a little bit this issue of 458 00:22:54,466 --> 00:22:58,266 a little bit this issue of state eight and then here also 459 00:22:58,266 --> 00:22:59,933 state eight and then here also the rest of you. Yeah. and 460 00:22:59,933 --> 00:23:02,199 the rest of you. Yeah. and that’s it. Thank you so um let 461 00:23:02,199 --> 00:23:03,533 that’s it. Thank you so um let me go back one step. I think 462 00:23:03,533 --> 00:23:05,400 me go back one step. I think there are three sticking points 463 00:23:05,400 --> 00:23:07,700 there are three sticking points still uh with various degrees 464 00:23:07,700 --> 00:23:08,699 still uh with various degrees of progress in all three of 465 00:23:08,699 --> 00:23:09,534 of progress in all three of them. one is fisheries. The 466 00:23:09,534 --> 00:23:11,167 them. one is fisheries. The other one is a state aid, but 467 00:23:11,167 --> 00:23:12,133 other one is a state aid, but it’s also the governance issue 468 00:23:12,133 --> 00:23:14,333 it’s also the governance issue you know so the dispute 469 00:23:14,333 --> 00:23:16,166 you know so the dispute settlement if we when we are in 470 00:23:16,166 --> 00:23:19,500 settlement if we when we are in that next world of uh the UK 471 00:23:19,500 --> 00:23:22,667 that next world of uh the UK effectively out um. And there 472 00:23:22,667 --> 00:23:23,533 effectively out um. And there are disputes who will govern 473 00:23:23,533 --> 00:23:25,300 are disputes who will govern this, I think, and that had 474 00:23:25,300 --> 00:23:27,167 this, I think, and that had been with us for a long time 475 00:23:27,167 --> 00:23:28,599 been with us for a long time and he’s still not resolved 476 00:23:28,599 --> 00:23:30,799 and he’s still not resolved even though I think there is 477 00:23:30,799 --> 00:23:31,334 even though I think there is more progress made on that 478 00:23:31,334 --> 00:23:33,867 more progress made on that point than on the other on the 479 00:23:33,867 --> 00:23:36,334 point than on the other on the other two now on the on the um 480 00:23:36,334 --> 00:23:37,900 other two now on the on the um and as you said, you said it 481 00:23:37,900 --> 00:23:39,534 and as you said, you said it really is a package um it’s a 482 00:23:39,534 --> 00:23:41,167 really is a package um it’s a package that we need to see and 483 00:23:41,167 --> 00:23:42,866 package that we need to see and here I really agree with 484 00:23:42,866 --> 00:23:44,333 here I really agree with Trump’s analysis on the 485 00:23:44,333 --> 00:23:45,967 Trump’s analysis on the fisheries. It makes no sense in 486 00:23:45,967 --> 00:23:48,634 fisheries. It makes no sense in my view uh to spend all your 487 00:23:48,634 --> 00:23:51,233 my view uh to spend all your gun powder um your driver. 488 00:23:51,233 --> 00:23:53,067 gun powder um your driver. Powder to an issue that is 489 00:23:53,067 --> 00:23:53,966 Powder to an issue that is economically not the most 490 00:23:53,966 --> 00:23:56,334 economically not the most important one. I think you know 491 00:23:56,334 --> 00:23:57,267 important one. I think you know if you’re trying to preserve 492 00:23:57,267 --> 00:23:59,133 if you’re trying to preserve the welfare of the you in your 493 00:23:59,133 --> 00:24:00,400 the welfare of the you in your tactics, then you need to 494 00:24:00,400 --> 00:24:01,833 tactics, then you need to understand what is the biggest 495 00:24:01,833 --> 00:24:03,533 understand what is the biggest uh what is the biggest point in 496 00:24:03,533 --> 00:24:04,733 uh what is the biggest point in terms of affecting welfare if 497 00:24:04,733 --> 00:24:07,334 terms of affecting welfare if it were to go wrong um and 498 00:24:07,334 --> 00:24:08,833 it were to go wrong um and there, I really agree that uh 499 00:24:08,833 --> 00:24:10,767 there, I really agree that uh it is other things that are 500 00:24:10,767 --> 00:24:11,367 it is other things that are more important than the state 501 00:24:11,367 --> 00:24:13,000 more important than the state as you say to is, then what 502 00:24:13,000 --> 00:24:15,299 as you say to is, then what comes to mind the state is 503 00:24:15,299 --> 00:24:16,867 comes to mind the state is effectively what we now call it 504 00:24:16,867 --> 00:24:18,800 effectively what we now call it an economist that live playing 505 00:24:18,800 --> 00:24:19,667 an economist that live playing fields, whether there’s gonna 506 00:24:19,667 --> 00:24:23,267 fields, whether there’s gonna be. Uh um the UK is going to 507 00:24:23,267 --> 00:24:25,933 be. Uh um the UK is going to abuse. It’s uh its position and 508 00:24:25,933 --> 00:24:27,899 abuse. It’s uh its position and effectively subsidize its own 509 00:24:27,899 --> 00:24:28,667 effectively subsidize its own companies here. I think the 510 00:24:28,667 --> 00:24:30,166 companies here. I think the financial market is perhaps the 511 00:24:30,166 --> 00:24:31,634 financial market is perhaps the most important sector we care 512 00:24:31,634 --> 00:24:34,267 most important sector we care about and give them and what we 513 00:24:34,267 --> 00:24:35,966 about and give them and what we would consider an unfair 514 00:24:35,966 --> 00:24:37,867 would consider an unfair advantage. Okay. Uh now you 515 00:24:37,867 --> 00:24:38,766 advantage. Okay. Uh now you know that could potentially be 516 00:24:38,766 --> 00:24:40,333 know that could potentially be a big issue because if it were 517 00:24:40,333 --> 00:24:41,967 a big issue because if it were to affect the financial sector 518 00:24:41,967 --> 00:24:43,667 to affect the financial sector of the UK already starts from a 519 00:24:43,667 --> 00:24:44,733 of the UK already starts from a point of advantage when it 520 00:24:44,733 --> 00:24:46,299 point of advantage when it comes to financial sector if it 521 00:24:46,299 --> 00:24:48,533 comes to financial sector if it were to propose to promote that 522 00:24:48,533 --> 00:24:50,167 were to propose to promote that in what we would consider. In 523 00:24:50,167 --> 00:24:52,734 in what we would consider. In Europe, unfair in an unfair way 524 00:24:52,734 --> 00:24:53,733 Europe, unfair in an unfair way that’s really going to 525 00:24:53,733 --> 00:24:55,434 that’s really going to reinforce its position for the 526 00:24:55,434 --> 00:24:57,033 reinforce its position for the detriment of the EU position. 527 00:24:57,033 --> 00:24:58,367 detriment of the EU position. So this is the one this is the 528 00:24:58,367 --> 00:25:01,033 So this is the one this is the problem to solve um now when it 529 00:25:01,033 --> 00:25:03,600 problem to solve um now when it comes to tactics um you know uh 530 00:25:03,600 --> 00:25:04,900 comes to tactics um you know uh you said if it is just tactics, 531 00:25:04,900 --> 00:25:07,267 you said if it is just tactics, that’s okay. Well, I’m not 532 00:25:07,267 --> 00:25:09,967 that’s okay. Well, I’m not entirely sure I agree with that 533 00:25:09,967 --> 00:25:12,600 entirely sure I agree with that I mean because the probability 534 00:25:12,600 --> 00:25:14,400 I mean because the probability of causing an accident as a 535 00:25:14,400 --> 00:25:16,833 of causing an accident as a result of following quite 536 00:25:16,833 --> 00:25:18,234 result of following quite unnerving tactics increases um 537 00:25:18,234 --> 00:25:20,934 unnerving tactics increases um and you know we are really 5 538 00:25:20,934 --> 00:25:22,000 and you know we are really 5 minutes before the hour and uh 539 00:25:22,000 --> 00:25:23,299 minutes before the hour and uh by the end of next week, We’re 540 00:25:23,299 --> 00:25:24,166 by the end of next week, We’re gonna be 1 minute before the 541 00:25:24,166 --> 00:25:25,133 gonna be 1 minute before the hour because certain things 542 00:25:25,133 --> 00:25:27,667 hour because certain things need to come. The notification 543 00:25:27,667 --> 00:25:29,900 need to come. The notification um you know really are we 544 00:25:29,900 --> 00:25:31,733 um you know really are we really at this position now uh 545 00:25:31,733 --> 00:25:33,933 really at this position now uh to basically play a game is 546 00:25:33,933 --> 00:25:35,733 to basically play a game is this is this what we are we are 547 00:25:35,733 --> 00:25:37,966 this is this what we are we are can’t afford to do um so I 548 00:25:37,966 --> 00:25:39,333 can’t afford to do um so I think it’s important to go back 549 00:25:39,333 --> 00:25:40,667 think it’s important to go back and understand what really is 550 00:25:40,667 --> 00:25:42,467 and understand what really is uh the economic significance of 551 00:25:42,467 --> 00:25:43,966 uh the economic significance of the three things economic and 552 00:25:43,966 --> 00:25:44,967 the three things economic and otherwise significance of the 553 00:25:44,967 --> 00:25:46,033 otherwise significance of the three things they are still 554 00:25:46,033 --> 00:25:47,434 three things they are still sticking points and now give 555 00:25:47,434 --> 00:25:48,767 sticking points and now give them accordingly. Uh I just 556 00:25:48,767 --> 00:25:50,300 them accordingly. Uh I just don’t see that we have enough 557 00:25:50,300 --> 00:25:52,000 don’t see that we have enough time anymore time and as it is, 558 00:25:52,000 --> 00:25:54,167 time anymore time and as it is, I think we spend a lot of time 559 00:25:54,167 --> 00:25:56,000 I think we spend a lot of time um and I. Trying to achieve 560 00:25:56,000 --> 00:25:58,500 um and I. Trying to achieve something that should have been 561 00:25:58,500 --> 00:25:59,834 something that should have been obvious in my beard. Thank you. 562 00:25:59,834 --> 00:26:03,467 obvious in my beard. Thank you. Maria Andrea. What do you think 563 00:26:03,467 --> 00:26:07,200 Maria Andrea. What do you think about this? Let me take again 564 00:26:07,200 --> 00:26:09,233 about this? Let me take again the more optimistic uh view on 565 00:26:09,233 --> 00:26:11,667 the more optimistic uh view on this. the first thing I would 566 00:26:11,667 --> 00:26:13,400 this. the first thing I would say which which I extremely 567 00:26:13,400 --> 00:26:15,700 say which which I extremely reassuring is that we are 568 00:26:15,700 --> 00:26:17,500 reassuring is that we are discussing and Maria is very 569 00:26:17,500 --> 00:26:19,900 discussing and Maria is very right to have put forward the 570 00:26:19,900 --> 00:26:22,266 right to have put forward the three sticking issues right 571 00:26:22,266 --> 00:26:25,100 three sticking issues right state fisheries and the 572 00:26:25,100 --> 00:26:27,267 state fisheries and the governance. The enforcement 573 00:26:27,267 --> 00:26:29,633 governance. The enforcement mechanism No those were exactly 574 00:26:29,633 --> 00:26:33,167 mechanism No those were exactly what the same issues that we 575 00:26:33,167 --> 00:26:34,934 what the same issues that we were talking about more than 576 00:26:34,934 --> 00:26:37,767 were talking about more than more than a year ago. So I 577 00:26:37,767 --> 00:26:39,967 more than a year ago. So I think this is this is very 578 00:26:39,967 --> 00:26:43,333 think this is this is very good. uh those three issues 579 00:26:43,333 --> 00:26:45,767 good. uh those three issues were not hiding uh behind them 580 00:26:45,767 --> 00:26:47,500 were not hiding uh behind them a whole series of other issues 581 00:26:47,500 --> 00:26:49,400 a whole series of other issues that one would have solved 582 00:26:49,400 --> 00:26:50,766 that one would have solved those three issues. We have 583 00:26:50,766 --> 00:26:52,366 those three issues. We have seen a wait. a second, you 584 00:26:52,366 --> 00:26:54,667 seen a wait. a second, you know, uh those are rather small 585 00:26:54,667 --> 00:26:56,467 know, uh those are rather small issues compared to some much 586 00:26:56,467 --> 00:26:57,699 issues compared to some much bigger issue that is lurking 587 00:26:57,699 --> 00:26:59,967 bigger issue that is lurking behind and it’s going to really 588 00:26:59,967 --> 00:27:03,367 behind and it’s going to really this negotiation. No, the three 589 00:27:03,367 --> 00:27:05,267 this negotiation. No, the three issues were very clear from the 590 00:27:05,267 --> 00:27:07,000 issues were very clear from the start and they’re still there 591 00:27:07,000 --> 00:27:09,333 start and they’re still there with us. I’ve find it very 592 00:27:09,333 --> 00:27:10,867 with us. I’ve find it very reassuring from a negotiating 593 00:27:10,867 --> 00:27:12,433 reassuring from a negotiating viewpoint. You know there’s not 594 00:27:12,433 --> 00:27:15,234 viewpoint. You know there’s not some years sure there was this 595 00:27:15,234 --> 00:27:17,133 some years sure there was this Irish point recently made in in 596 00:27:17,133 --> 00:27:19,266 Irish point recently made in in in the UK That was like a bomb. 597 00:27:19,266 --> 00:27:21,267 in the UK That was like a bomb. Suddenly you know where is this 598 00:27:21,267 --> 00:27:22,167 Suddenly you know where is this coming from you know how are we 599 00:27:22,167 --> 00:27:23,233 coming from you know how are we going to handle that and is 600 00:27:23,233 --> 00:27:25,700 going to handle that and is this going to derail the whole 601 00:27:25,700 --> 00:27:27,500 this going to derail the whole negotiation and it nearly did 602 00:27:27,500 --> 00:27:29,334 negotiation and it nearly did and then I think you know 603 00:27:29,334 --> 00:27:30,834 and then I think you know people come down a little bit 604 00:27:30,834 --> 00:27:31,400 people come down a little bit and said, you know no let’s go 605 00:27:31,400 --> 00:27:34,233 and said, you know no let’s go back to the real negotiation. 606 00:27:34,233 --> 00:27:36,801 back to the real negotiation. Those three points but I’m very 607 00:27:36,801 --> 00:27:38,234 Those three points but I’m very reassured that you know we are 608 00:27:38,234 --> 00:27:39,767 reassured that you know we are still talking of those issues 609 00:27:39,767 --> 00:27:43,433 still talking of those issues and we know already for more 610 00:27:43,433 --> 00:27:44,834 and we know already for more than a year. What are the 611 00:27:44,834 --> 00:27:47,700 than a year. What are the contours of a negotiation on of 612 00:27:47,700 --> 00:27:50,567 contours of a negotiation on of a deal on this personally? I’m 613 00:27:50,567 --> 00:27:53,699 a deal on this personally? I’m not frightened at all uh and I 614 00:27:53,699 --> 00:27:55,366 not frightened at all uh and I can tell you that I have told 615 00:27:55,366 --> 00:27:57,134 can tell you that I have told that to to a number of people 616 00:27:57,134 --> 00:27:58,266 that to to a number of people involved in this negotiation. 617 00:27:58,266 --> 00:28:00,767 involved in this negotiation. I’ve not frightened at all by 618 00:28:00,767 --> 00:28:03,000 I’ve not frightened at all by the fisheries. Uh I think 619 00:28:03,000 --> 00:28:06,767 the fisheries. Uh I think fisheries is uh. Also very much 620 00:28:06,767 --> 00:28:10,167 fisheries is uh. Also very much the essence of a deal, you know 621 00:28:10,167 --> 00:28:11,867 the essence of a deal, you know because the British sure they 622 00:28:11,867 --> 00:28:14,300 because the British sure they are recuperating sovereignty 623 00:28:14,300 --> 00:28:16,933 are recuperating sovereignty about the British water and 624 00:28:16,933 --> 00:28:19,133 about the British water and that’s for sure at the same 625 00:28:19,133 --> 00:28:21,334 that’s for sure at the same time to the extent that fish is 626 00:28:21,334 --> 00:28:23,067 time to the extent that fish is being fished out of the UK, it 627 00:28:23,067 --> 00:28:24,933 being fished out of the UK, it has to be sold some place and 628 00:28:24,933 --> 00:28:26,599 has to be sold some place and this fish is not going to be 629 00:28:26,599 --> 00:28:29,033 this fish is not going to be sold in the UK as we know this 630 00:28:29,033 --> 00:28:30,434 sold in the UK as we know this fish, which is fishing in 631 00:28:30,434 --> 00:28:33,800 fish, which is fishing in British water, is eaten on or 632 00:28:33,800 --> 00:28:37,401 British water, is eaten on or plates. The EU twenty-seven so 633 00:28:37,401 --> 00:28:39,766 plates. The EU twenty-seven so again it there’s very much sort 634 00:28:39,766 --> 00:28:42,433 again it there’s very much sort of the the essence of a deal 635 00:28:42,433 --> 00:28:43,667 of the the essence of a deal here. you know they have the 636 00:28:43,667 --> 00:28:44,634 here. you know they have the fish and we want to consume the 637 00:28:44,634 --> 00:28:48,299 fish and we want to consume the fish and that is true for many 638 00:28:48,299 --> 00:28:50,666 fish and that is true for many other things and goes in the 639 00:28:50,666 --> 00:28:51,734 other things and goes in the other way around. Sometimes we 640 00:28:51,734 --> 00:28:52,467 other way around. Sometimes we have the stuff and they want to 641 00:28:52,467 --> 00:28:54,566 have the stuff and they want to consume it and that’s great. 642 00:28:54,566 --> 00:28:56,500 consume it and that’s great. You put it on the table. It’s a 643 00:28:56,500 --> 00:28:58,300 You put it on the table. It’s a trade negotiation. They there’s 644 00:28:58,300 --> 00:28:59,867 trade negotiation. They there’s the issue about fisherman and 645 00:28:59,867 --> 00:29:01,367 the issue about fisherman and that needs to be dealt with and 646 00:29:01,367 --> 00:29:02,866 that needs to be dealt with and that is that is, but that’s 647 00:29:02,866 --> 00:29:05,934 that is that is, but that’s what training. Know how to do 648 00:29:05,934 --> 00:29:07,767 what training. Know how to do the huge experience about this? 649 00:29:07,767 --> 00:29:09,633 the huge experience about this? I’m not worried about this 650 00:29:09,633 --> 00:29:11,934 I’m not worried about this sure. there’s some hope there’s 651 00:29:11,934 --> 00:29:14,033 sure. there’s some hope there’s some politics, but this is the 652 00:29:14,033 --> 00:29:16,600 some politics, but this is the bread and butter of a trade 653 00:29:16,600 --> 00:29:17,967 bread and butter of a trade negotiation. What about the 654 00:29:17,967 --> 00:29:21,134 negotiation. What about the state the state could 655 00:29:21,134 --> 00:29:23,900 state the state could potentially be something much 656 00:29:23,900 --> 00:29:27,034 potentially be something much deeper here but are we really 657 00:29:27,034 --> 00:29:29,234 deeper here but are we really worried that the British with 658 00:29:29,234 --> 00:29:31,667 worried that the British with the history are going going to 659 00:29:31,667 --> 00:29:33,767 the history are going going to into a subsidizing country, 660 00:29:33,767 --> 00:29:35,966 into a subsidizing country, much more than we are uh I 661 00:29:35,966 --> 00:29:39,034 much more than we are uh I don’t. 662 00:30:06,799 --> 00:30:09,266 The UK cannot accept that 663 00:30:09,266 --> 00:30:10,466 The UK cannot accept that although there are no more in 664 00:30:10,466 --> 00:30:12,334 although there are no more in the single market, they still 665 00:30:12,334 --> 00:30:14,933 the single market, they still have to abide by exactly the 666 00:30:14,933 --> 00:30:16,299 have to abide by exactly the same rules as before No it’s 667 00:30:16,299 --> 00:30:19,033 same rules as before No it’s fine if those rules on the 668 00:30:19,033 --> 00:30:20,400 fine if those rules on the content are the same as today, 669 00:30:20,400 --> 00:30:23,833 content are the same as today, but they are not called the 670 00:30:23,833 --> 00:30:27,900 but they are not called the euros so that the EU and the UK 671 00:30:27,900 --> 00:30:30,367 euros so that the EU and the UK agree on the set of rules on 672 00:30:30,367 --> 00:30:32,000 agree on the set of rules on stated that mimic what we have 673 00:30:32,000 --> 00:30:34,433 stated that mimic what we have today, but it’s not saying that 674 00:30:34,433 --> 00:30:36,834 today, but it’s not saying that we in the UK, we have to follow 675 00:30:36,834 --> 00:30:39,267 we in the UK, we have to follow the rules. that is what. 676 00:30:39,267 --> 00:30:41,767 the rules. that is what. Problems but the UK and the EU 677 00:30:41,767 --> 00:30:43,166 Problems but the UK and the EU agree on the new set of rules 678 00:30:43,166 --> 00:30:44,867 agree on the new set of rules that happened by the way to be 679 00:30:44,867 --> 00:30:47,233 that happened by the way to be exactly the same road that I 680 00:30:47,233 --> 00:30:48,766 exactly the same road that I think is much less of a problem 681 00:30:48,766 --> 00:30:50,799 think is much less of a problem and then remains the issue of 682 00:30:50,799 --> 00:30:52,334 and then remains the issue of the enforce and I think the 683 00:30:52,334 --> 00:30:54,699 the enforce and I think the enforcement is again one of 684 00:30:54,699 --> 00:30:56,333 enforcement is again one of those matters that are that are 685 00:30:56,333 --> 00:30:57,934 those matters that are that are important from the symbolic 686 00:30:57,934 --> 00:31:00,200 important from the symbolic viewpoint. Cannot be the 687 00:31:00,200 --> 00:31:02,733 viewpoint. Cannot be the European Court of Justice needs 688 00:31:02,733 --> 00:31:03,333 European Court of Justice needs to be something else and 689 00:31:03,333 --> 00:31:04,833 to be something else and something else that we can 690 00:31:04,833 --> 00:31:06,800 something else that we can trust each other. They can 691 00:31:06,800 --> 00:31:08,433 trust each other. They can trust us and we can trust them 692 00:31:08,433 --> 00:31:10,867 trust us and we can trust them and there I think is is is is 693 00:31:10,867 --> 00:31:12,867 and there I think is is is is is a real matter and so in the 694 00:31:12,867 --> 00:31:16,434 is a real matter and so in the end this agreement cannot come 695 00:31:16,434 --> 00:31:19,167 end this agreement cannot come to fruition if there is not a 696 00:31:19,167 --> 00:31:21,733 to fruition if there is not a minimum amount of trust and 697 00:31:21,733 --> 00:31:23,366 minimum amount of trust and trust is really the essence 698 00:31:23,366 --> 00:31:26,799 trust is really the essence trust based on interest. so 699 00:31:26,799 --> 00:31:28,600 trust based on interest. so this what they need to really 700 00:31:28,600 --> 00:31:30,133 this what they need to really to meet the last mile is that 701 00:31:30,133 --> 00:31:35,233 to meet the last mile is that is the. Is obvious doing enough 702 00:31:35,233 --> 00:31:38,267 is the. Is obvious doing enough trust not trust you know to be 703 00:31:38,267 --> 00:31:40,933 trust not trust you know to be married again, but trust to 704 00:31:40,933 --> 00:31:42,201 married again, but trust to have a good relationship 705 00:31:42,201 --> 00:31:44,633 have a good relationship outside of marriage and that’s 706 00:31:44,633 --> 00:31:46,333 outside of marriage and that’s what we need to prove to one 707 00:31:46,333 --> 00:31:47,699 what we need to prove to one another. The two sides need to 708 00:31:47,699 --> 00:31:50,267 another. The two sides need to prove that you know they are uh 709 00:31:50,267 --> 00:31:53,167 prove that you know they are uh going to behave in a fair 710 00:31:53,167 --> 00:31:57,267 going to behave in a fair manner uh respecting rules that 711 00:31:57,267 --> 00:32:00,633 manner uh respecting rules that they will agree upon. 712 00:32:03,266 --> 00:32:08,400 Thank you uh and uh to you do 713 00:32:08,400 --> 00:32:11,067 Thank you uh and uh to you do do agree Are you optimistic as 714 00:32:11,067 --> 00:32:14,367 do agree Are you optimistic as well? Well, let me uh take a 715 00:32:14,367 --> 00:32:16,433 well? Well, let me uh take a bit to contrary view to two 716 00:32:16,433 --> 00:32:18,233 bit to contrary view to two Andre here. um I think it 717 00:32:18,233 --> 00:32:19,400 Andre here. um I think it sounds almost a little bit too 718 00:32:19,400 --> 00:32:22,333 sounds almost a little bit too uh too good to be true um uh to 719 00:32:22,333 --> 00:32:24,667 uh too good to be true um uh to be quite honest and let me sort 720 00:32:24,667 --> 00:32:27,234 be quite honest and let me sort of walk you through uh through 721 00:32:27,234 --> 00:32:28,699 of walk you through uh through 233 critical Points. II think 722 00:32:28,699 --> 00:32:30,533 233 critical Points. II think the first again and I start 723 00:32:30,533 --> 00:32:32,933 the first again and I start again was built fishes is 724 00:32:32,933 --> 00:32:34,234 again was built fishes is really I think the least 725 00:32:34,234 --> 00:32:35,300 really I think the least important, but still I mean 726 00:32:35,300 --> 00:32:37,833 important, but still I mean it’s it’s it’s not 727 00:32:37,833 --> 00:32:39,700 it’s it’s it’s not insignificant and so quickly on 728 00:32:39,700 --> 00:32:41,567 insignificant and so quickly on the fish I mean uh I think so 729 00:32:41,567 --> 00:32:45,234 the fish I mean uh I think so far. Has been very little uh 730 00:32:45,234 --> 00:32:48,234 far. Has been very little uh management of um the political 731 00:32:48,234 --> 00:32:51,634 management of um the political uh reality of um French 732 00:32:51,634 --> 00:32:53,167 uh reality of um French embellishing feeds having less 733 00:32:53,167 --> 00:32:55,767 embellishing feeds having less access to um uh to British 734 00:32:55,767 --> 00:32:58,233 access to um uh to British waters um uh as of January uh 735 00:32:58,233 --> 00:33:01,333 waters um uh as of January uh 21, I mean this is um reached 736 00:33:01,333 --> 00:33:03,134 21, I mean this is um reached early and politics is always 737 00:33:03,134 --> 00:33:05,300 early and politics is always local. It is gonna be uh it is 738 00:33:05,300 --> 00:33:07,767 local. It is gonna be uh it is gonna be an issue and um I 739 00:33:07,767 --> 00:33:09,199 gonna be an issue and um I think when striking a deer 740 00:33:09,199 --> 00:33:11,467 think when striking a deer which I think will involve less 741 00:33:11,467 --> 00:33:15,867 which I think will involve less access uh than currently to. 742 00:33:47,734 --> 00:33:51,234 The playing field uh field 743 00:33:51,234 --> 00:33:53,333 The playing field uh field issue and um and there it seems 744 00:33:53,333 --> 00:33:56,700 issue and um and there it seems to me um really the deal what 745 00:33:56,700 --> 00:33:58,867 to me um really the deal what the deal needs to strike is a 746 00:33:58,867 --> 00:34:01,000 the deal needs to strike is a balance between on the one hand 747 00:34:01,000 --> 00:34:04,900 balance between on the one hand um access to market um and on 748 00:34:04,900 --> 00:34:07,733 um access to market um and on the other hand um control um 749 00:34:07,733 --> 00:34:11,299 the other hand um control um and um ability to ensure the 750 00:34:11,299 --> 00:34:14,566 and um ability to ensure the lever playing um remains in 751 00:34:14,566 --> 00:34:17,199 lever playing um remains in place um and um I think. This 752 00:34:17,199 --> 00:34:19,666 place um and um I think. This is really where the negotiation 753 00:34:19,666 --> 00:34:21,367 is really where the negotiation this week this week in the 754 00:34:21,367 --> 00:34:22,299 this week this week in the European Council would focus 755 00:34:22,299 --> 00:34:24,000 European Council would focus on. also, I mean it will really 756 00:34:24,000 --> 00:34:25,767 on. also, I mean it will really focus on is what is currently 757 00:34:25,767 --> 00:34:29,434 focus on is what is currently on the table in terms of access 758 00:34:29,434 --> 00:34:32,000 on the table in terms of access on services um meaning in 759 00:34:32,000 --> 00:34:33,533 on services um meaning in particular, here means not just 760 00:34:33,533 --> 00:34:34,434 particular, here means not just terrorists. I mean the zero 761 00:34:34,434 --> 00:34:35,833 terrorists. I mean the zero zero terrorists. I think that’s 762 00:34:35,833 --> 00:34:37,700 zero terrorists. I think that’s in the in mutual interest, 763 00:34:37,700 --> 00:34:38,933 in the in mutual interest, obviously, but really in 764 00:34:38,933 --> 00:34:41,000 obviously, but really in services it’s much more about 765 00:34:41,000 --> 00:34:42,734 services it’s much more about the sort of the non tariff 766 00:34:42,734 --> 00:34:44,299 the sort of the non tariff barriers right regulatory 767 00:34:44,299 --> 00:34:46,800 barriers right regulatory barriers recognition barriers. 768 00:34:46,800 --> 00:34:48,367 barriers recognition barriers. Issues I mean, and that’s where 769 00:34:48,367 --> 00:34:49,433 Issues I mean, and that’s where it becomes very technically 770 00:34:49,433 --> 00:34:50,833 it becomes very technically right, but I mean it’s very 771 00:34:50,833 --> 00:34:53,199 right, but I mean it’s very important because these issues 772 00:34:53,199 --> 00:34:54,699 important because these issues uh matter to business on both 773 00:34:54,699 --> 00:34:56,400 uh matter to business on both sides and so what one here we 774 00:34:56,400 --> 00:34:58,567 sides and so what one here we have to investigate is whether 775 00:34:58,567 --> 00:35:00,834 have to investigate is whether the balance of what is on the 776 00:35:00,834 --> 00:35:04,400 the balance of what is on the table is appropriate and merits 777 00:35:04,400 --> 00:35:07,667 table is appropriate and merits from uh you point of view uh um 778 00:35:07,667 --> 00:35:10,367 from uh you point of view uh um uh giving the access um and 779 00:35:10,367 --> 00:35:12,467 uh giving the access um and from a UK point of view also uh 780 00:35:12,467 --> 00:35:14,500 from a UK point of view also uh giving the access while at the 781 00:35:14,500 --> 00:35:15,967 giving the access while at the same time you know, ensuring 782 00:35:15,967 --> 00:35:17,366 same time you know, ensuring the lever playing field. so 783 00:35:17,366 --> 00:35:19,300 the lever playing field. so it’s about finding the right 784 00:35:19,300 --> 00:35:21,966 it’s about finding the right balance between um ex. To the 785 00:35:21,966 --> 00:35:25,533 balance between um ex. To the market um and um ensuring 786 00:35:25,533 --> 00:35:28,267 market um and um ensuring ensuring the lever playing fit 787 00:35:28,267 --> 00:35:32,434 ensuring the lever playing fit um as regards um the um uh the 788 00:35:32,434 --> 00:35:34,000 um as regards um the um uh the uh there is uh a purposes one 789 00:35:34,000 --> 00:35:35,434 uh there is uh a purposes one more point of this lever 790 00:35:35,434 --> 00:35:37,567 more point of this lever playing field there I quite 791 00:35:37,567 --> 00:35:38,800 playing field there I quite agree with. I mean there is 792 00:35:38,800 --> 00:35:41,667 agree with. I mean there is dismiss um in in the EU that uh 793 00:35:41,667 --> 00:35:45,333 dismiss um in in the EU that uh you know the UK run out with uh 794 00:35:45,333 --> 00:35:47,333 you know the UK run out with uh become a rogue state and uh 795 00:35:47,333 --> 00:35:50,800 become a rogue state and uh sort of uh massively subsidized 796 00:35:50,800 --> 00:35:53,234 sort of uh massively subsidized and on top of it regulate um in 797 00:35:53,234 --> 00:35:53,933 and on top of it regulate um in environmental issues, for 798 00:35:53,933 --> 00:35:56,100 environmental issues, for example, economy um, for 799 00:35:56,100 --> 00:35:58,834 example, economy um, for example. Said that I think in 800 00:35:58,834 --> 00:36:01,400 example. Said that I think in the recent speech um he was 801 00:36:01,400 --> 00:36:02,733 the recent speech um he was saying the European Council 802 00:36:02,733 --> 00:36:04,167 saying the European Council president was saying well in 803 00:36:04,167 --> 00:36:05,534 president was saying well in environmental issues. The UK 804 00:36:05,534 --> 00:36:07,100 environmental issues. The UK might um might be less strict 805 00:36:07,100 --> 00:36:08,233 might um might be less strict than the EU. I mean I think 806 00:36:08,233 --> 00:36:09,967 than the EU. I mean I think odds are high that it might be 807 00:36:09,967 --> 00:36:11,200 odds are high that it might be actually the opposite of the 808 00:36:11,200 --> 00:36:13,299 actually the opposite of the opposite way that in 809 00:36:13,299 --> 00:36:15,334 opposite way that in environmental issues uh the UK 810 00:36:15,334 --> 00:36:18,867 environmental issues uh the UK um uh is gonna regulate um 811 00:36:18,867 --> 00:36:20,301 um uh is gonna regulate um tougher than the EU. So so this 812 00:36:20,301 --> 00:36:21,967 tougher than the EU. So so this is not just a one-way street. I 813 00:36:21,967 --> 00:36:23,334 is not just a one-way street. I think it’s really a two-way 814 00:36:23,334 --> 00:36:25,434 think it’s really a two-way street and they are perks to 815 00:36:25,434 --> 00:36:27,333 street and they are perks to end on that note where I would 816 00:36:27,333 --> 00:36:29,033 end on that note where I would disagree with Andreas is this 817 00:36:29,033 --> 00:36:33,333 disagree with Andreas is this notion of. I mean I think trust 818 00:36:33,333 --> 00:36:34,699 notion of. I mean I think trust no, I think we need to enforce 819 00:36:34,699 --> 00:36:36,000 no, I think we need to enforce enforceable rules. I mean 820 00:36:36,000 --> 00:36:37,533 enforceable rules. I mean that’s in the end what we need 821 00:36:37,533 --> 00:36:41,133 that’s in the end what we need we need uh enforcement capacity 822 00:36:41,133 --> 00:36:44,467 we need uh enforcement capacity and we need uh roots that um uh 823 00:36:44,467 --> 00:36:46,767 and we need uh roots that um uh um uh you know can be enforced 824 00:36:46,767 --> 00:36:48,433 um uh you know can be enforced and uh and they are again. It’s 825 00:36:48,433 --> 00:36:50,767 and uh and they are again. It’s clear Cannot be the European 826 00:36:50,767 --> 00:36:51,800 clear Cannot be the European Court of Justice, but there 827 00:36:51,800 --> 00:36:54,733 Court of Justice, but there will have to be um uh um a 828 00:36:54,733 --> 00:36:55,933 will have to be um uh um a dispute settlement mechanism 829 00:36:55,933 --> 00:36:58,000 dispute settlement mechanism that is robust enough that both 830 00:36:58,000 --> 00:37:01,334 that is robust enough that both sides um trusted um. Uh because 831 00:37:01,334 --> 00:37:03,067 sides um trusted um. Uh because one way or another, there will 832 00:37:03,067 --> 00:37:05,900 one way or another, there will be um some sort of uh 833 00:37:05,900 --> 00:37:07,733 be um some sort of uh regulatory divergence in the 834 00:37:07,733 --> 00:37:08,400 regulatory divergence in the future and you know we will 835 00:37:08,400 --> 00:37:09,967 future and you know we will have to deal with that uh and 836 00:37:09,967 --> 00:37:12,267 have to deal with that uh and we will have to deal with that 837 00:37:12,267 --> 00:37:14,801 we will have to deal with that not based on sort of I trust 838 00:37:14,801 --> 00:37:16,367 not based on sort of I trust that you know the future uh 839 00:37:16,367 --> 00:37:17,834 that you know the future uh prime Minister in the UK is 840 00:37:17,834 --> 00:37:19,834 prime Minister in the UK is gonna behave nicely. No. that’s 841 00:37:19,834 --> 00:37:21,299 gonna behave nicely. No. that’s not the that’s not the way it 842 00:37:21,299 --> 00:37:23,034 not the that’s not the way it works I trust because I believe 843 00:37:23,034 --> 00:37:25,299 works I trust because I believe the UK is a country that 844 00:37:25,299 --> 00:37:26,833 the UK is a country that respects international roots 845 00:37:26,833 --> 00:37:29,734 respects international roots and so I believe that uh the US 846 00:37:29,734 --> 00:37:32,200 and so I believe that uh the US country is uh is an economy 847 00:37:32,200 --> 00:37:33,733 country is uh is an economy that respects international 848 00:37:33,733 --> 00:37:35,733 that respects international roots and we have found a way. 849 00:37:35,733 --> 00:37:38,133 roots and we have found a way. Uh legislative the way of 850 00:37:38,133 --> 00:37:40,700 Uh legislative the way of dealing and managing with this 851 00:37:40,700 --> 00:37:46,633 dealing and managing with this future. Thank you. Thank you. 852 00:37:46,633 --> 00:37:47,967 future. Thank you. Thank you. thank you uh I would like to 853 00:37:47,967 --> 00:37:49,133 thank you uh I would like to take some questions from the 854 00:37:49,133 --> 00:37:51,834 take some questions from the audience because uh we are some 855 00:37:51,834 --> 00:37:54,734 audience because uh we are some interesting ones uh is a an 856 00:37:54,734 --> 00:37:57,366 interesting ones uh is a an anonymous person uh just wrote 857 00:37:57,366 --> 00:37:59,899 anonymous person uh just wrote that the trade deal will cover 858 00:37:59,899 --> 00:38:02,167 that the trade deal will cover only part of the overall 859 00:38:02,167 --> 00:38:03,967 only part of the overall economic relationship. How do 860 00:38:03,967 --> 00:38:07,000 economic relationship. How do you see the rest Evo, for 861 00:38:07,000 --> 00:38:10,367 you see the rest Evo, for example, equivalent that 862 00:38:10,367 --> 00:38:13,167 example, equivalent that adequacy uh I don’t know who 863 00:38:13,167 --> 00:38:16,366 adequacy uh I don’t know who who might want to pick it up. 864 00:38:16,366 --> 00:38:19,567 who might want to pick it up. Among the tri, 865 00:38:19,733 --> 00:38:22,600 I mean, but very quickly on the 866 00:38:22,600 --> 00:38:24,834 I mean, but very quickly on the data um equivalent uh data uh 867 00:38:24,834 --> 00:38:27,801 data um equivalent uh data uh data um flaws um there has been 868 00:38:27,801 --> 00:38:30,333 data um flaws um there has been um some blog post um by our 869 00:38:30,333 --> 00:38:31,700 um some blog post um by our colleague Scott Marcos on data 870 00:38:31,700 --> 00:38:34,334 colleague Scott Marcos on data flows between the EU and the US 871 00:38:34,334 --> 00:38:36,701 flows between the EU and the US and he has also done some some 872 00:38:36,701 --> 00:38:39,133 and he has also done some some thinking on um privacy issues 873 00:38:39,133 --> 00:38:40,701 thinking on um privacy issues around data flows with the UK 874 00:38:40,701 --> 00:38:43,199 around data flows with the UK and the UK situation is quite 875 00:38:43,199 --> 00:38:45,267 and the UK situation is quite similar after Brexit threat of 876 00:38:45,267 --> 00:38:46,834 similar after Brexit threat of the United States, meaning um 877 00:38:46,834 --> 00:38:50,433 the United States, meaning um the UK um is. Are gonna fall uh 878 00:38:50,433 --> 00:38:53,000 the UK um is. Are gonna fall uh one way or another and uh under 879 00:38:53,000 --> 00:38:55,733 one way or another and uh under the jurisdiction um of the 880 00:38:55,733 --> 00:38:57,467 the jurisdiction um of the Shrimps case, which really put 881 00:38:57,467 --> 00:38:59,733 Shrimps case, which really put some limits uh to firms to 882 00:38:59,733 --> 00:39:02,267 some limits uh to firms to transfer data to um uh 883 00:39:02,267 --> 00:39:05,000 transfer data to um uh locations outside of the U and 884 00:39:05,000 --> 00:39:07,000 locations outside of the U and um without a trade deal without 885 00:39:07,000 --> 00:39:08,800 um without a trade deal without the deal, I think the deal will 886 00:39:08,800 --> 00:39:11,867 the deal, I think the deal will have to um I mean the the 887 00:39:11,867 --> 00:39:13,201 have to um I mean the the society of being part of the 888 00:39:13,201 --> 00:39:15,867 society of being part of the deal, we’ll have to find um uh 889 00:39:15,867 --> 00:39:17,200 deal, we’ll have to find um uh some language in some 890 00:39:17,200 --> 00:39:19,733 some language in some arrangement on data transfers 891 00:39:19,733 --> 00:39:22,700 arrangement on data transfers um because otherwise um uh 892 00:39:22,700 --> 00:39:25,433 um because otherwise um uh firms will not be. To uh 893 00:39:25,433 --> 00:39:27,767 firms will not be. To uh transfer data um out of uh out 894 00:39:27,767 --> 00:39:29,867 transfer data um out of uh out of EU to the UK um because of 895 00:39:29,867 --> 00:39:34,399 of EU to the UK um because of privacy and concerts. 896 00:39:34,700 --> 00:39:37,167 Thank you uh uh do you want to 897 00:39:37,167 --> 00:39:39,033 Thank you uh uh do you want to add something uh else on the 898 00:39:39,033 --> 00:39:40,333 add something uh else on the other issues which are the 899 00:39:40,333 --> 00:39:45,467 other issues which are the table please uh and 900 00:39:45,700 --> 00:39:47,600 I mean the only thing I wanted 901 00:39:47,600 --> 00:39:51,034 I mean the only thing I wanted to add uh is on the data I mean 902 00:39:51,034 --> 00:39:53,701 to add uh is on the data I mean um and and this is in response 903 00:39:53,701 --> 00:39:57,700 um and and this is in response to the to the listener. uh not 904 00:39:57,700 --> 00:40:01,733 to the to the listener. uh not the kind of trade agreement uh 905 00:40:01,733 --> 00:40:03,034 the kind of trade agreement uh that one is negotiating and 906 00:40:03,034 --> 00:40:05,200 that one is negotiating and that the EU has been 907 00:40:05,200 --> 00:40:05,699 that the EU has been negotiating already with the 908 00:40:05,699 --> 00:40:09,367 negotiating already with the number of other partners uh 909 00:40:09,367 --> 00:40:10,800 number of other partners uh including recently with uh with 910 00:40:10,800 --> 00:40:13,367 including recently with uh with uh with Japan, not just sort of 911 00:40:13,367 --> 00:40:14,567 uh with Japan, not just sort of Canada that is always being 912 00:40:14,567 --> 00:40:18,867 Canada that is always being referred to those agreement. 913 00:42:40,733 --> 00:42:43,266 Thank you Andrea Maria, You 914 00:42:43,266 --> 00:42:44,666 Thank you Andrea Maria, You would like to add something 915 00:42:44,666 --> 00:42:46,500 would like to add something right. Yeah and I mean it’s 916 00:42:46,500 --> 00:42:48,300 right. Yeah and I mean it’s just on this. on this point. I 917 00:42:48,300 --> 00:42:49,833 just on this. on this point. I think defense is also a very 918 00:42:49,833 --> 00:42:51,199 think defense is also a very important issue that uh we 919 00:42:51,199 --> 00:42:52,433 important issue that uh we don’t hear a lot about we did 920 00:42:52,433 --> 00:42:54,266 don’t hear a lot about we did at the beginning when uh missus 921 00:42:54,266 --> 00:42:55,300 at the beginning when uh missus may was still the prime 922 00:42:55,300 --> 00:42:57,100 may was still the prime minister and it was all in good 923 00:42:57,100 --> 00:42:58,866 minister and it was all in good faith but uh we need to see how 924 00:42:58,866 --> 00:43:00,534 faith but uh we need to see how this will evolve and I think 925 00:43:00,534 --> 00:43:01,833 this will evolve and I think from the point of view of the 926 00:43:01,833 --> 00:43:03,300 from the point of view of the EU, This is gonna be an 927 00:43:03,300 --> 00:43:04,900 EU, This is gonna be an important thing to try and 928 00:43:04,900 --> 00:43:07,534 important thing to try and secure or at least encourage um 929 00:43:07,534 --> 00:43:09,767 secure or at least encourage um but I want to come back to this 930 00:43:09,767 --> 00:43:12,833 but I want to come back to this wonderful discussion that both 931 00:43:12,833 --> 00:43:16,200 wonderful discussion that both Andrea and about uh. You know, 932 00:43:16,200 --> 00:43:17,767 Andrea and about uh. You know, effectively the UK and I 933 00:43:17,767 --> 00:43:19,134 effectively the UK and I certainly agree with both of 934 00:43:19,134 --> 00:43:20,733 certainly agree with both of you um is not a rock country 935 00:43:20,733 --> 00:43:21,867 you um is not a rock country and it’s not about to become 936 00:43:21,867 --> 00:43:24,234 and it’s not about to become one. I think that is uh I think 937 00:43:24,234 --> 00:43:25,967 one. I think that is uh I think I for one. I have no worries 938 00:43:25,967 --> 00:43:28,434 I for one. I have no worries about that. Um there are, 939 00:43:28,434 --> 00:43:29,634 about that. Um there are, however two issues that I think 940 00:43:29,634 --> 00:43:31,533 however two issues that I think put to the position of the UK 941 00:43:31,533 --> 00:43:32,967 put to the position of the UK uh somewhere in different than 942 00:43:32,967 --> 00:43:34,767 uh somewhere in different than what it was up to now as a 943 00:43:34,767 --> 00:43:36,500 what it was up to now as a member of EU, The first one is 944 00:43:36,500 --> 00:43:38,366 member of EU, The first one is that it’s not a member of the 945 00:43:38,366 --> 00:43:40,201 that it’s not a member of the anymore If you believe like I 946 00:43:40,201 --> 00:43:41,833 anymore If you believe like I do that leaving the use a bad 947 00:43:41,833 --> 00:43:43,700 do that leaving the use a bad thing in economic terms, then 948 00:43:43,700 --> 00:43:46,667 thing in economic terms, then the UK will. Do worse as a 949 00:43:46,667 --> 00:43:48,834 the UK will. Do worse as a result of being alone, and 950 00:43:48,834 --> 00:43:50,334 result of being alone, and there are many ways we can 951 00:43:50,334 --> 00:43:51,200 there are many ways we can justify that. but the person I 952 00:43:51,200 --> 00:43:52,801 justify that. but the person I believe that economically 953 00:43:52,801 --> 00:43:54,400 believe that economically speaking the UK will 954 00:43:54,400 --> 00:43:56,867 speaking the UK will necessarily lose as a result of 955 00:43:56,867 --> 00:43:58,933 necessarily lose as a result of not being bay and there is say 956 00:43:58,933 --> 00:44:00,000 not being bay and there is say irrespective of the deal that 957 00:44:00,000 --> 00:44:01,299 irrespective of the deal that cuts out because it will 958 00:44:01,299 --> 00:44:02,700 cuts out because it will necessarily be worse than what 959 00:44:02,700 --> 00:44:05,467 necessarily be worse than what it had as a member of the U. So 960 00:44:05,467 --> 00:44:07,900 it had as a member of the U. So now the the the UK uh is 961 00:44:07,900 --> 00:44:09,467 now the the the UK uh is looking for ways to regain some 962 00:44:09,467 --> 00:44:12,867 looking for ways to regain some of the disadvantages that it 963 00:44:12,867 --> 00:44:13,600 of the disadvantages that it will eventually see ahead of 964 00:44:13,600 --> 00:44:15,934 will eventually see ahead of it. The UK doesn’t see. Leaving 965 00:44:15,934 --> 00:44:17,934 it. The UK doesn’t see. Leaving the user disadvantage, that’s 966 00:44:17,934 --> 00:44:19,766 the user disadvantage, that’s why I chose left, but in my 967 00:44:19,766 --> 00:44:21,499 why I chose left, but in my view uh it won’t necessarily 968 00:44:21,499 --> 00:44:22,767 view uh it won’t necessarily lose out of not being a member 969 00:44:22,767 --> 00:44:24,800 lose out of not being a member of the U and therefore we need 970 00:44:24,800 --> 00:44:26,267 of the U and therefore we need to reinvent itself um 971 00:44:26,267 --> 00:44:27,566 to reinvent itself um economically speaking at how 972 00:44:27,566 --> 00:44:30,333 economically speaking at how will we reinvent itself? Uh is 973 00:44:30,333 --> 00:44:31,300 will we reinvent itself? Uh is anybody’s guess, but I think 974 00:44:31,300 --> 00:44:33,266 anybody’s guess, but I think some of the elements of the 975 00:44:33,266 --> 00:44:35,299 some of the elements of the state they won’t have to play 976 00:44:35,299 --> 00:44:37,000 state they won’t have to play in um again. I don’t believe 977 00:44:37,000 --> 00:44:39,367 in um again. I don’t believe the the UK is going to be uh 978 00:44:39,367 --> 00:44:40,767 the the UK is going to be uh regulating state the state that 979 00:44:40,767 --> 00:44:42,233 regulating state the state that is going to try and have 980 00:44:42,233 --> 00:44:43,434 is going to try and have disadvantages but the direction 981 00:44:43,434 --> 00:44:44,899 disadvantages but the direction of travel wouldn’t necessarily. 982 00:44:44,899 --> 00:44:46,267 of travel wouldn’t necessarily. Have to include some of us 983 00:44:46,267 --> 00:44:48,666 Have to include some of us because if we need to get 984 00:44:48,666 --> 00:44:50,399 because if we need to get advantages where um so that’s 985 00:44:50,399 --> 00:44:51,100 advantages where um so that’s one thing and I don’t 986 00:44:51,100 --> 00:44:52,967 one thing and I don’t necessarily think this is a bad 987 00:44:52,967 --> 00:44:54,267 necessarily think this is a bad thing, but I mean from the 988 00:44:54,267 --> 00:44:55,800 thing, but I mean from the point of view of the the we 989 00:44:55,800 --> 00:44:57,067 point of view of the the we need to be very vigilant and 990 00:44:57,067 --> 00:44:58,700 need to be very vigilant and they is very right in my view 991 00:44:58,700 --> 00:45:00,699 they is very right in my view to try and get this one right 992 00:45:00,699 --> 00:45:02,266 to try and get this one right at least the state a The other 993 00:45:02,266 --> 00:45:03,934 at least the state a The other thing is this uh this uh this 994 00:45:03,934 --> 00:45:05,400 thing is this uh this uh this thing that just happened to 995 00:45:05,400 --> 00:45:08,834 thing that just happened to just a few weeks ago on the 996 00:45:08,834 --> 00:45:09,600 just a few weeks ago on the attempt to pass the singular 997 00:45:09,600 --> 00:45:12,733 attempt to pass the singular and asked on uh basically not 998 00:45:12,733 --> 00:45:13,400 and asked on uh basically not respecting previous agreements, 999 00:45:13,400 --> 00:45:14,533 respecting previous agreements, you know if symbolism is 1000 00:45:14,533 --> 00:45:16,267 you know if symbolism is important. And I think I made 1001 00:45:16,267 --> 00:45:17,766 important. And I think I made this point. this is a very 1002 00:45:17,766 --> 00:45:18,967 this point. this is a very symbolic thing precisely 1003 00:45:18,967 --> 00:45:20,267 symbolic thing precisely because you don’t expect 1004 00:45:20,267 --> 00:45:21,767 because you don’t expect something that from the UK and 1005 00:45:21,767 --> 00:45:23,433 something that from the UK and when when the UK makes that uh 1006 00:45:23,433 --> 00:45:25,000 when when the UK makes that uh it raises a lot of alarm bills 1007 00:45:25,000 --> 00:45:26,800 it raises a lot of alarm bills in my in my view so the 1008 00:45:26,800 --> 00:45:28,600 in my in my view so the symbolism damage that this has 1009 00:45:28,600 --> 00:45:31,200 symbolism damage that this has done in my view is important is 1010 00:45:31,200 --> 00:45:32,534 done in my view is important is significant and it tells us 1011 00:45:32,534 --> 00:45:34,000 significant and it tells us something about what can happen 1012 00:45:34,000 --> 00:45:36,434 something about what can happen in the future. Um so there 1013 00:45:36,434 --> 00:45:37,867 in the future. Um so there there I think uh here are a 1014 00:45:37,867 --> 00:45:39,034 there I think uh here are a total agreement with what 1015 00:45:39,034 --> 00:45:39,534 total agreement with what Donald Trump said. I mean, uh 1016 00:45:39,534 --> 00:45:42,000 Donald Trump said. I mean, uh the governance she needs to be 1017 00:45:42,000 --> 00:45:43,133 the governance she needs to be water tight. It cannot be on a 1018 00:45:43,133 --> 00:45:44,933 water tight. It cannot be on a gentle disagreement it. Has to 1019 00:45:44,933 --> 00:45:46,567 gentle disagreement it. Has to be water tight uh so that we 1020 00:45:46,567 --> 00:45:48,800 be water tight uh so that we can have something to fall back 1021 00:45:48,800 --> 00:45:53,799 can have something to fall back on um if uh when uh things uh 1022 00:45:53,799 --> 00:45:57,134 on um if uh when uh things uh things are wrong. 1023 00:45:57,633 --> 00:45:59,566 Thank you Maria. I think that’s 1024 00:45:59,566 --> 00:46:01,866 Thank you Maria. I think that’s what you are pointing out uh 1025 00:46:01,866 --> 00:46:04,966 what you are pointing out uh also the scope of uh start to 1026 00:46:04,966 --> 00:46:07,400 also the scope of uh start to think the UK as a country and 1027 00:46:07,400 --> 00:46:11,400 think the UK as a country and start to think about the the 1028 00:46:11,400 --> 00:46:12,866 start to think about the the geopolitical consequences of it 1029 00:46:12,866 --> 00:46:14,400 geopolitical consequences of it on um on the global on the 1030 00:46:14,400 --> 00:46:15,600 on um on the global on the group of scenarios as well and 1031 00:46:15,600 --> 00:46:18,467 group of scenarios as well and how the group of scenarios are 1032 00:46:18,467 --> 00:46:20,167 how the group of scenarios are influencing in a way or 1033 00:46:20,167 --> 00:46:20,933 influencing in a way or another, what is going to 1034 00:46:20,933 --> 00:46:23,333 another, what is going to happen and what will happen 1035 00:46:23,333 --> 00:46:24,800 happen and what will happen afterwards and um I’m saying 1036 00:46:24,800 --> 00:46:28,767 afterwards and um I’m saying that these. Because uh we 1037 00:46:28,767 --> 00:46:30,299 that these. Because uh we received another question from 1038 00:46:30,299 --> 00:46:33,767 received another question from another listener who uh was 1039 00:46:33,767 --> 00:46:36,867 another listener who uh was indeed pointing out or asking 1040 00:46:36,867 --> 00:46:39,866 indeed pointing out or asking uh what and how the outcome of 1041 00:46:39,866 --> 00:46:42,533 uh what and how the outcome of the US election will affect the 1042 00:46:42,533 --> 00:46:44,800 the US election will affect the future of the EU UK trade 1043 00:46:44,800 --> 00:46:46,200 future of the EU UK trade relationship, which I guess 1044 00:46:46,200 --> 00:46:48,866 relationship, which I guess it’s one of these other very 1045 00:46:48,866 --> 00:46:51,433 it’s one of these other very huge questions uh we don’t have 1046 00:46:51,433 --> 00:46:55,267 huge questions uh we don’t have a crystal ball to look into it 1047 00:46:55,267 --> 00:46:57,066 a crystal ball to look into it and we can’t really but uh 1048 00:46:57,066 --> 00:46:59,733 and we can’t really but uh where the. I think resonates at 1049 00:46:59,733 --> 00:47:03,366 where the. I think resonates at least to me is um is to think a 1050 00:47:03,366 --> 00:47:04,833 least to me is um is to think a little bit further about the UK 1051 00:47:04,833 --> 00:47:07,367 little bit further about the UK now that he’s going you know to 1052 00:47:07,367 --> 00:47:08,967 now that he’s going you know to completely uh go out of the uh 1053 00:47:08,967 --> 00:47:11,333 completely uh go out of the uh of the gravitational orbit of 1054 00:47:11,333 --> 00:47:13,933 of the gravitational orbit of uh of the EU. What is going to 1055 00:47:13,933 --> 00:47:15,267 uh of the EU. What is going to happen and uh there are also 1056 00:47:15,267 --> 00:47:16,200 happen and uh there are also all the questions not only 1057 00:47:16,200 --> 00:47:18,133 all the questions not only about the US but also about 1058 00:47:18,133 --> 00:47:20,734 about the US but also about China uh and how this will 1059 00:47:20,734 --> 00:47:22,533 China uh and how this will replay how it so uh broadening 1060 00:47:22,533 --> 00:47:24,000 replay how it so uh broadening up the question from our 1061 00:47:24,000 --> 00:47:26,366 up the question from our listener. maybe uh we can uh we 1062 00:47:26,366 --> 00:47:28,833 listener. maybe uh we can uh we can have some comments about 1063 00:47:28,833 --> 00:47:34,334 can have some comments about it. uh. Yes, um well, I guess 1064 00:47:34,334 --> 00:47:37,200 it. uh. Yes, um well, I guess my first point is the UK is not 1065 00:47:37,200 --> 00:47:39,700 my first point is the UK is not leaving the gravitation uh put 1066 00:47:39,700 --> 00:47:42,267 leaving the gravitation uh put it off the EU. I mean uh no 1067 00:47:42,267 --> 00:47:45,167 it off the EU. I mean uh no matter um what happens the 1068 00:47:45,167 --> 00:47:48,000 matter um what happens the country like the UK um will 1069 00:47:48,000 --> 00:47:51,666 country like the UK um will always um have to relate um to 1070 00:47:51,666 --> 00:47:55,767 always um have to relate um to um Europe and in it always 1071 00:47:55,767 --> 00:47:57,667 um Europe and in it always related to your over centuries 1072 00:47:57,667 --> 00:47:59,266 related to your over centuries and that won’t change. I think 1073 00:47:59,266 --> 00:48:01,267 and that won’t change. I think that’s the first reality we 1074 00:48:01,267 --> 00:48:03,066 that’s the first reality we have to accept. I mean uh um 1075 00:48:03,066 --> 00:48:05,400 have to accept. I mean uh um geography. Is what it is and so 1076 00:48:05,400 --> 00:48:07,733 geography. Is what it is and so so we will have to relate to 1077 00:48:07,733 --> 00:48:09,600 so we will have to relate to each other. uh no matter what 1078 00:48:09,600 --> 00:48:12,867 each other. uh no matter what happens now the UK uh the US 1079 00:48:12,867 --> 00:48:15,234 happens now the UK uh the US election is, of course, um the 1080 00:48:15,234 --> 00:48:17,400 election is, of course, um the big thing um it matters usually 1081 00:48:17,400 --> 00:48:21,034 big thing um it matters usually um uh for for many many reasons 1082 00:48:21,034 --> 00:48:23,767 um uh for for many many reasons um I think the future of um 1083 00:48:23,767 --> 00:48:26,400 um I think the future of um democracy and uh perhaps even 1084 00:48:26,400 --> 00:48:29,200 democracy and uh perhaps even um the Western word is really 1085 00:48:29,200 --> 00:48:32,499 um the Western word is really at stake in my view um the uh I 1086 00:48:32,499 --> 00:48:35,801 at stake in my view um the uh I think coming to the UK. Uh 1087 00:48:35,801 --> 00:48:37,266 think coming to the UK. Uh issues specifically, I think 1088 00:48:37,266 --> 00:48:38,734 issues specifically, I think one thing is very clear. Joe 1089 00:48:38,734 --> 00:48:39,933 one thing is very clear. Joe Biden has already made very 1090 00:48:39,933 --> 00:48:42,566 Biden has already made very clear um that you know the good 1091 00:48:42,566 --> 00:48:43,900 clear um that you know the good Friday agreement and respecting 1092 00:48:43,900 --> 00:48:46,267 Friday agreement and respecting um essentially the withdrawal 1093 00:48:46,267 --> 00:48:47,867 um essentially the withdrawal agreements so to make sure that 1094 00:48:47,867 --> 00:48:49,367 agreements so to make sure that uh you know know the situation 1095 00:48:49,367 --> 00:48:50,900 uh you know know the situation in doesn’t doesn’t escalate is 1096 00:48:50,900 --> 00:48:52,134 in doesn’t doesn’t escalate is an absolute necessity and I 1097 00:48:52,134 --> 00:48:54,200 an absolute necessity and I think that’s that’s very 1098 00:48:54,200 --> 00:48:55,200 think that’s that’s very important. I’m not sure Donald 1099 00:48:55,200 --> 00:48:58,367 important. I’m not sure Donald Trump uh if he was elected um 1100 00:48:58,367 --> 00:49:01,434 Trump uh if he was elected um um uh care uh particularly 1101 00:49:01,434 --> 00:49:02,133 um uh care uh particularly about this and you know he 1102 00:49:02,133 --> 00:49:04,366 about this and you know he would probably be ready to. To 1103 00:49:04,366 --> 00:49:06,667 would probably be ready to. To strike it sort of trade deals 1104 00:49:06,667 --> 00:49:09,233 strike it sort of trade deals and alliances with the UK um 1105 00:49:09,233 --> 00:49:11,034 and alliances with the UK um anyway, even if if the 1106 00:49:11,034 --> 00:49:12,600 anyway, even if if the situation in um escalates, but 1107 00:49:12,600 --> 00:49:14,400 situation in um escalates, but I think that would certainly be 1108 00:49:14,400 --> 00:49:16,533 I think that would certainly be different uh for the Democrats, 1109 00:49:16,533 --> 00:49:17,967 different uh for the Democrats, but I guess on a broader 1110 00:49:17,967 --> 00:49:20,266 but I guess on a broader picture as I said, I think the 1111 00:49:20,266 --> 00:49:23,667 picture as I said, I think the UK and you know the European 1112 00:49:23,667 --> 00:49:25,467 UK and you know the European Nations and the US will always 1113 00:49:25,467 --> 00:49:26,766 Nations and the US will always have to relate to each other 1114 00:49:26,766 --> 00:49:29,267 have to relate to each other and I think on the broad scale 1115 00:49:29,267 --> 00:49:33,234 and I think on the broad scale on many issues. ultimately our 1116 00:49:33,234 --> 00:49:35,267 on many issues. ultimately our interests um uh are quite 1117 00:49:35,267 --> 00:49:38,733 interests um uh are quite closely align. 1118 00:50:06,233 --> 00:50:08,967 In many dimensions that Russia 1119 00:50:08,967 --> 00:50:12,634 In many dimensions that Russia China, but also be at the US um 1120 00:50:12,634 --> 00:50:15,500 China, but also be at the US um on many respect, we really have 1121 00:50:15,500 --> 00:50:18,733 on many respect, we really have shared interests. 1122 00:50:19,900 --> 00:50:21,933 Thank you uh Andrea. Do you 1123 00:50:21,933 --> 00:50:23,733 Thank you uh Andrea. Do you want to add something about uh 1124 00:50:23,733 --> 00:50:27,500 want to add something about uh this uh specific aspect of uh 1125 00:50:27,500 --> 00:50:30,367 this uh specific aspect of uh the Geo political uh global uh 1126 00:50:30,367 --> 00:50:33,466 the Geo political uh global uh um interest and also value of 1127 00:50:33,466 --> 00:50:35,667 um interest and also value of what is going on because we 1128 00:50:35,667 --> 00:50:38,366 what is going on because we also now looking uh quite into 1129 00:50:38,366 --> 00:50:40,000 also now looking uh quite into this deal uh as an internal 1130 00:50:40,000 --> 00:50:42,234 this deal uh as an internal affairs but how the rest of the 1131 00:50:42,234 --> 00:50:43,967 affairs but how the rest of the world is actually looking into 1132 00:50:43,967 --> 00:50:45,633 world is actually looking into what is going on at the moment 1133 00:50:45,633 --> 00:50:46,733 what is going on at the moment how they are looking at EU and 1134 00:50:46,733 --> 00:50:48,333 how they are looking at EU and the UK. That’s also an 1135 00:50:48,333 --> 00:50:51,400 the UK. That’s also an interesting. Element or 1136 00:50:51,400 --> 00:50:54,433 interesting. Element or perspective out of this. That 1137 00:50:54,433 --> 00:50:59,433 perspective out of this. That is right um so I would say uh I 1138 00:50:59,433 --> 00:51:02,000 is right um so I would say uh I make several points uh number 1139 00:51:02,000 --> 00:51:07,266 make several points uh number one um I think that the uh 1140 00:51:07,266 --> 00:51:10,433 one um I think that the uh Trump presidency uh which has 1141 00:51:10,433 --> 00:51:13,701 Trump presidency uh which has happened at the same time as 1142 00:51:13,701 --> 00:51:20,800 happened at the same time as the Brexit uh discussion um as 1143 00:51:20,800 --> 00:51:23,634 the Brexit uh discussion um as I think helped the EU uh the 1144 00:51:23,634 --> 00:51:26,667 I think helped the EU uh the EU. 1145 00:52:32,799 --> 00:52:35,767 Not an obvious uh you know that 1146 00:52:35,767 --> 00:52:38,266 Not an obvious uh you know that the countries would uh agree on 1147 00:52:38,266 --> 00:52:40,933 the countries would uh agree on sort of such a novel and large 1148 00:52:40,933 --> 00:52:45,033 sort of such a novel and large uh package uh of mutual help 1149 00:52:45,033 --> 00:52:46,367 uh package uh of mutual help inside the EU. I think came to 1150 00:52:46,367 --> 00:52:48,733 inside the EU. I think came to the same view that you know we 1151 00:52:48,733 --> 00:52:50,201 the same view that you know we are living in a much tougher 1152 00:52:50,201 --> 00:52:51,800 are living in a much tougher world now of which obviously 1153 00:52:51,800 --> 00:52:55,267 world now of which obviously Trump is contributed a lot in 1154 00:52:55,267 --> 00:52:56,834 Trump is contributed a lot in making this world a much you 1155 00:52:56,834 --> 00:52:59,534 making this world a much you know with much greater amount 1156 00:52:59,534 --> 00:53:00,333 know with much greater amount of uncertain and I think that 1157 00:53:00,333 --> 00:53:03,000 of uncertain and I think that is help. You continue to call 1158 00:53:03,000 --> 00:53:04,534 is help. You continue to call us to feel like we need to 1159 00:53:04,534 --> 00:53:06,900 us to feel like we need to stick together in those 1160 00:53:06,900 --> 00:53:09,634 stick together in those difficult times and so I think 1161 00:53:09,634 --> 00:53:13,567 difficult times and so I think that was there um will will 1162 00:53:13,567 --> 00:53:15,067 that was there um will will suddenly not the abiding 1163 00:53:15,067 --> 00:53:16,567 suddenly not the abiding presence. She changed matters. 1164 00:53:16,567 --> 00:53:18,834 presence. She changed matters. You know you said that we are 1165 00:53:18,834 --> 00:53:19,567 You know you said that we are relaxed that we are getting in 1166 00:53:19,567 --> 00:53:21,400 relaxed that we are getting in the easy world and therefore 1167 00:53:21,400 --> 00:53:23,500 the easy world and therefore you know we are going to uh not 1168 00:53:23,500 --> 00:53:26,767 you know we are going to uh not be united anymore into the the 1169 00:53:26,767 --> 00:53:27,833 be united anymore into the the the the the negotiation with 1170 00:53:27,833 --> 00:53:29,834 the the the negotiation with the Obviously that’s not the 1171 00:53:29,834 --> 00:53:30,900 the Obviously that’s not the case. It’s too late. It’s too 1172 00:53:30,900 --> 00:53:33,234 case. It’s too late. It’s too late for that. So I think that. 1173 00:53:33,234 --> 00:53:35,699 late for that. So I think that. Change of presence in the US, 1174 00:53:35,699 --> 00:53:38,333 Change of presence in the US, we have a lot of impact on 1175 00:53:38,333 --> 00:53:41,233 we have a lot of impact on global relation on politics and 1176 00:53:41,233 --> 00:53:42,800 global relation on politics and uh yeah on discussion between 1177 00:53:42,800 --> 00:53:45,034 uh yeah on discussion between the EU and the U and other 1178 00:53:45,034 --> 00:53:46,633 the EU and the U and other countries in you know in for 1179 00:53:46,633 --> 00:53:49,401 countries in you know in for you know trying to bring back 1180 00:53:49,401 --> 00:53:50,900 you know trying to bring back sort of more milks and I think 1181 00:53:50,900 --> 00:53:52,767 sort of more milks and I think there I think it will be 1182 00:53:52,767 --> 00:53:55,067 there I think it will be incumbent upon the UK uh to 1183 00:53:55,067 --> 00:53:58,433 incumbent upon the UK uh to show that indeed the UK is 1184 00:53:58,433 --> 00:54:02,167 show that indeed the UK is committed uh like the EU to 1185 00:54:02,167 --> 00:54:04,867 committed uh like the EU to repairing uh multilateral 1186 00:54:04,867 --> 00:54:06,500 repairing uh multilateral relations uh and this is not 1187 00:54:06,500 --> 00:54:07,433 relations uh and this is not given you know some people feel 1188 00:54:07,433 --> 00:54:10,700 given you know some people feel that you know we cannot. Go 1189 00:54:10,700 --> 00:54:12,900 that you know we cannot. Go back in history that the damage 1190 00:54:12,900 --> 00:54:14,766 back in history that the damage that has been done by uh by the 1191 00:54:14,766 --> 00:54:17,400 that has been done by uh by the Trump presidency uh cannot be 1192 00:54:17,400 --> 00:54:19,833 Trump presidency uh cannot be repaired and uh I think that 1193 00:54:19,833 --> 00:54:20,767 repaired and uh I think that repairing is important, but 1194 00:54:20,767 --> 00:54:22,567 repairing is important, but it’s not going to be obvious 1195 00:54:22,567 --> 00:54:23,834 it’s not going to be obvious and I think it would be very 1196 00:54:23,834 --> 00:54:25,233 and I think it would be very important to see exactly where 1197 00:54:25,233 --> 00:54:30,300 important to see exactly where the where the UK fits into the 1198 00:54:30,300 --> 00:54:33,400 the where the UK fits into the uh conversation. Thank you 1199 00:54:33,400 --> 00:54:35,700 uh conversation. Thank you Andrea uh Maria uh we’re also 1200 00:54:35,700 --> 00:54:38,367 Andrea uh Maria uh we’re also approaching towards the end of 1201 00:54:38,367 --> 00:54:41,167 approaching towards the end of this so I want to have you a 1202 00:54:41,167 --> 00:54:42,634 this so I want to have you a little bit as a bridge between 1203 00:54:42,634 --> 00:54:43,667 little bit as a bridge between this last questions we have 1204 00:54:43,667 --> 00:54:46,533 this last questions we have many other questions. From the 1205 00:54:46,533 --> 00:54:47,734 many other questions. From the from the listeners, but 1206 00:54:47,734 --> 00:54:49,266 from the listeners, but unfortunately, the time is not 1207 00:54:49,266 --> 00:54:53,133 unfortunately, the time is not uh is not infinite for for us. 1208 00:54:53,133 --> 00:54:55,467 uh is not infinite for for us. uh so a little bit of a bridge 1209 00:54:55,467 --> 00:54:58,233 uh so a little bit of a bridge and also some starting of last 1210 00:54:58,233 --> 00:55:00,600 and also some starting of last conclusions before I ask also 1211 00:55:00,600 --> 00:55:03,767 conclusions before I ask also uh uh to conclude with few 1212 00:55:03,767 --> 00:55:06,800 uh uh to conclude with few words and then uh thanking 1213 00:55:06,800 --> 00:55:09,434 words and then uh thanking everyone. Thank you. Yeah uh so 1214 00:55:09,434 --> 00:55:11,166 everyone. Thank you. Yeah uh so uh yeah I mean I would just on 1215 00:55:11,166 --> 00:55:13,299 uh yeah I mean I would just on this question on the US. Uh it 1216 00:55:13,299 --> 00:55:16,666 this question on the US. Uh it is true that the UK has always 1217 00:55:16,666 --> 00:55:17,700 is true that the UK has always um had a special relationship 1218 00:55:17,700 --> 00:55:19,034 um had a special relationship with the US, but I think it’s a 1219 00:55:19,034 --> 00:55:21,367 with the US, but I think it’s a lot more special. The UK than 1220 00:55:21,367 --> 00:55:22,900 lot more special. The UK than it is to the US uh so and and I 1221 00:55:22,900 --> 00:55:25,333 it is to the US uh so and and I think the UK uses that in ways 1222 00:55:25,333 --> 00:55:27,867 think the UK uses that in ways that the US doesn’t always 1223 00:55:27,867 --> 00:55:29,867 that the US doesn’t always understand and um so II 1224 00:55:29,867 --> 00:55:31,966 understand and um so II actually agree with um with 1225 00:55:31,966 --> 00:55:33,967 actually agree with um with with with Andres point that uh 1226 00:55:33,967 --> 00:55:35,699 with with Andres point that uh to the extent that you will see 1227 00:55:35,699 --> 00:55:36,334 to the extent that you will see a difference in the 1228 00:55:36,334 --> 00:55:38,933 a difference in the relationship or an ability the 1229 00:55:38,933 --> 00:55:40,166 relationship or an ability the in the UK to achieve a 1230 00:55:40,166 --> 00:55:41,299 in the UK to achieve a different relationship as a 1231 00:55:41,299 --> 00:55:42,866 different relationship as a result of us elections, it will 1232 00:55:42,866 --> 00:55:44,233 result of us elections, it will be because it will affect the 1233 00:55:44,233 --> 00:55:45,966 be because it will affect the world and therefore will also 1234 00:55:45,966 --> 00:55:47,734 world and therefore will also affect our ability to reach a 1235 00:55:47,734 --> 00:55:48,966 affect our ability to reach a better or worse agreement I 1236 00:55:48,966 --> 00:55:51,234 better or worse agreement I don. Will be directly uh an 1237 00:55:51,234 --> 00:55:54,966 don. Will be directly uh an impact on just on just the UK. 1238 00:55:54,966 --> 00:55:55,800 impact on just on just the UK. Um I think the multilateral is 1239 00:55:55,800 --> 00:55:57,733 Um I think the multilateral is the big thing and the extent of 1240 00:55:57,733 --> 00:55:59,733 the big thing and the extent of the next year’s administration 1241 00:55:59,733 --> 00:56:02,767 the next year’s administration plays this card will affect the 1242 00:56:02,767 --> 00:56:04,167 plays this card will affect the ability of the world’s to come 1243 00:56:04,167 --> 00:56:08,333 ability of the world’s to come together um agreements um so 1244 00:56:08,333 --> 00:56:09,800 together um agreements um so maybe a final thought on I 1245 00:56:09,800 --> 00:56:10,934 maybe a final thought on I don’t know what direction 1246 00:56:10,934 --> 00:56:11,866 don’t know what direction you’re going with your final 1247 00:56:11,866 --> 00:56:13,200 you’re going with your final question, but I mean I suppose 1248 00:56:13,200 --> 00:56:14,099 question, but I mean I suppose a little bit of what we think 1249 00:56:14,099 --> 00:56:16,800 a little bit of what we think will happen and is uh is kind 1250 00:56:16,800 --> 00:56:18,900 will happen and is uh is kind of an obvious one. Um you know 1251 00:56:18,900 --> 00:56:20,766 of an obvious one. Um you know I. I am going to stick with 1252 00:56:20,766 --> 00:56:22,434 I. I am going to stick with Andrea here and I’m gonna wanna 1253 00:56:22,434 --> 00:56:23,333 Andrea here and I’m gonna wanna share his optimism and simply 1254 00:56:23,333 --> 00:56:25,566 share his optimism and simply because it’s the right thing to 1255 00:56:25,566 --> 00:56:27,633 because it’s the right thing to do are they you operates like 1256 00:56:27,633 --> 00:56:29,000 do are they you operates like that always in the eleventh 1257 00:56:29,000 --> 00:56:30,567 that always in the eleventh hour? We have an agreement uh 1258 00:56:30,567 --> 00:56:33,400 hour? We have an agreement uh you know a few of us lose uh 1259 00:56:33,400 --> 00:56:34,667 you know a few of us lose uh nights as a result of that and 1260 00:56:34,667 --> 00:56:37,300 nights as a result of that and as a Greek contest to that um 1261 00:56:37,300 --> 00:56:38,967 as a Greek contest to that um uh but we always get there and 1262 00:56:38,967 --> 00:56:40,799 uh but we always get there and I think uh we will get there 1263 00:56:40,799 --> 00:56:41,966 I think uh we will get there this time too. Um I don’t think 1264 00:56:41,966 --> 00:56:43,967 this time too. Um I don’t think it would be an easy ride but uh 1265 00:56:43,967 --> 00:56:45,533 it would be an easy ride but uh I’m hopeful that we will be 1266 00:56:45,533 --> 00:56:47,633 I’m hopeful that we will be able to come to sort of a good 1267 00:56:47,633 --> 00:56:52,667 able to come to sort of a good uh basis. To build a better um 1268 00:56:52,667 --> 00:56:54,667 uh basis. To build a better um cooperative agreement in the 1269 00:56:54,667 --> 00:56:57,333 cooperative agreement in the future, Thank you Maria and the 1270 00:56:57,333 --> 00:56:59,733 future, Thank you Maria and the final words, the of course and 1271 00:56:59,733 --> 00:57:02,767 final words, the of course and uh what uh what is your wish? 1272 00:57:02,767 --> 00:57:06,266 uh what uh what is your wish? What is your uh uh future uh 1273 00:57:06,266 --> 00:57:09,467 What is your uh uh future uh direction and uh what should we 1274 00:57:09,467 --> 00:57:11,667 direction and uh what should we expect for the next week but 1275 00:57:11,667 --> 00:57:14,033 expect for the next week but also the next month and the 1276 00:57:14,033 --> 00:57:17,667 also the next month and the next year. Well, I think a lot 1277 00:57:17,667 --> 00:57:19,900 next year. Well, I think a lot of analysts are always coming 1278 00:57:19,900 --> 00:57:21,767 of analysts are always coming with this number right and so 1279 00:57:21,767 --> 00:57:22,967 with this number right and so now the probability of a deal 1280 00:57:22,967 --> 00:57:26,900 now the probability of a deal is 55% uh then a day later it’s 1281 00:57:26,900 --> 00:57:30,734 is 55% uh then a day later it’s 65% and then it’s 27%. so uh I 1282 00:57:30,734 --> 00:57:32,400 65% and then it’s 27%. so uh I think these numbers of course 1283 00:57:32,400 --> 00:57:33,967 think these numbers of course are pretty meaningless. Uh I 1284 00:57:33,967 --> 00:57:36,500 are pretty meaningless. Uh I think what is clear is the 1285 00:57:36,500 --> 00:57:38,833 think what is clear is the coming weeks um are really sort 1286 00:57:38,833 --> 00:57:41,800 coming weeks um are really sort of ending um uh yeah, a story 1287 00:57:41,800 --> 00:57:43,834 of ending um uh yeah, a story that started four and a half 1288 00:57:43,834 --> 00:57:45,866 that started four and a half years ago and um I think it is 1289 00:57:45,866 --> 00:57:50,334 years ago and um I think it is really. The next um 345 weeks 1290 00:57:50,334 --> 00:57:52,367 really. The next um 345 weeks um that all the the decisive 1291 00:57:52,367 --> 00:57:54,333 um that all the the decisive finding decisions will have to 1292 00:57:54,333 --> 00:57:57,134 finding decisions will have to be taken um or I don’t believe 1293 00:57:57,134 --> 00:58:00,234 be taken um or I don’t believe uh a minute that um uh when we 1294 00:58:00,234 --> 00:58:02,500 uh a minute that um uh when we circumvent the roots and sort 1295 00:58:02,500 --> 00:58:04,000 circumvent the roots and sort of extent uh even further, I 1296 00:58:04,000 --> 00:58:05,533 of extent uh even further, I think now we are we are coming 1297 00:58:05,533 --> 00:58:07,634 think now we are we are coming really to an end of this saga 1298 00:58:07,634 --> 00:58:09,733 really to an end of this saga and so it is the next week’s uh 1299 00:58:09,733 --> 00:58:11,200 and so it is the next week’s uh where the negotiations are 1300 00:58:11,200 --> 00:58:13,633 where the negotiations are happening and you know we’re in 1301 00:58:13,633 --> 00:58:15,267 happening and you know we’re in the tunnel um everybody has to 1302 00:58:15,267 --> 00:58:18,866 the tunnel um everybody has to find. Uh a way to agree and um 1303 00:58:18,866 --> 00:58:21,533 find. Uh a way to agree and um if we don’t um you don’t so who 1304 00:58:21,533 --> 00:58:24,700 if we don’t um you don’t so who knows. 1305 00:58:27,334 --> 00:58:31,200 Thank you um unless there is uh 1306 00:58:31,200 --> 00:58:34,367 Thank you um unless there is uh the wish for a real other 1307 00:58:34,367 --> 00:58:35,667 the wish for a real other intervention uh for that I 1308 00:58:35,667 --> 00:58:39,200 intervention uh for that I would like to thank all of you 1309 00:58:39,200 --> 00:58:42,300 would like to thank all of you for uh listening to this uh 1310 00:58:42,300 --> 00:58:43,633 for uh listening to this uh episode of the Sound of 1311 00:58:43,633 --> 00:58:46,334 episode of the Sound of Economics live and uh I would 1312 00:58:46,334 --> 00:58:47,900 Economics live and uh I would like to invite you as well to 1313 00:58:47,900 --> 00:58:51,800 like to invite you as well to visit our web page www.dot org 1314 00:58:51,800 --> 00:58:54,266 visit our web page www.dot org where uh there is a lot. 1315 00:58:54,266 --> 00:58:56,000 where uh there is a lot. Insights and research from our 1316 00:58:56,000 --> 00:58:58,700 Insights and research from our scholars on the topic of Brexit 1317 00:58:58,700 --> 00:59:01,934 scholars on the topic of Brexit uh since many years, of course 1318 00:59:01,934 --> 00:59:03,767 uh since many years, of course because as we have also 1319 00:59:03,767 --> 00:59:06,299 because as we have also mentioned in our title, this is 1320 00:59:06,299 --> 00:59:08,166 mentioned in our title, this is uh you know something that uh 1321 00:59:08,166 --> 00:59:11,334 uh you know something that uh is accompanying us uh since a 1322 00:59:11,334 --> 00:59:13,666 is accompanying us uh since a while and uh we’ll probably 1323 00:59:13,666 --> 00:59:15,634 while and uh we’ll probably accompany us for a little while 1324 00:59:15,634 --> 00:59:17,700 accompany us for a little while more so there will be other 1325 00:59:17,700 --> 00:59:19,801 more so there will be other occasions to discuss this 1326 00:59:19,801 --> 00:59:21,733 occasions to discuss this together with the sound of 1327 00:59:21,733 --> 00:59:23,800 together with the sound of economics and with thank you so 1328 00:59:23,800 --> 00:59:26,000 economics and with thank you so much and uh until next time.