Too Late to Scrutinize Brexit Trade Deal This Year: Lawmaker

The transcript discusses the challenges in ratifying the Brexit deal, highlighting the delay in the European Parliament's ratification process. It explores the consensus among political groups on the need for more time to scrutinize the trade agreement. The potential no deal scenario is examined, along with contingency measures to mitigate trade disruptions. The impact on businesses and criticism of the negotiation process are addressed, emphasizing the lack of clarity and responsibility. Finally, the uncertainty surrounding the deal and the need for flexibility to avoid economic disruption are discussed.

What is the main reason for the European Parliament's inability to ratify the Brexit deal by the end of the year?

• Economic instability

• Insufficient negotiation time

• Disagreement among EU leaders

• Lack of a legal text

What is the typical time required for scrutinizing trade agreements in the European Parliament?

• 60 days

• 180 days

• 30 days

• 136 days

What is the final decision-making body for the Brexit deal?

• The UK Parliament

• The European Commission

• The European Parliament

• The World Trade Organization

What is one potential measure to avoid trade disruption if no Brexit deal is reached?

• Provisional application of parts of the deal

• Immediate implementation of WTO rules

• Complete halt of trade

• Permanent extension of the transition period

What scenario is Europe prepared for if no compromise is found on key issues like fishing rights?

• A complete economic merger

• A new trade agreement

• A temporary trade halt

• A no-deal scenario

What criticism is mentioned regarding the negotiation process?

• It is not adequate to the democratic process

• It is too transparent

• It is overly focused on consumer interests

• It is too fast-paced

What is the potential impact on businesses if a no-deal scenario occurs?

• Immediate economic growth

• Guaranteed market stability

• Uncertainty and disruption

• Increased trade opportunities