Michael Fuchs Reacts to Theresa May's Speech on Brexit

The transcript discusses the British Prime Minister's ambitious speech, highlighting the need for a balanced negotiation between the UK and EU. It emphasizes the mutual trade interests and economic interdependence, particularly in the automotive sector. The discussion also covers the UK's potential subscription to a free trade area and the importance of facing economic realities. Finally, it addresses concerns about cherry picking in negotiations and the potential impact on EU unity.

What is the main focus of the British Prime Minister's speech according to the transcript?

• To align with European countries' views

• To propose a one-sided deal

• To discuss domestic policies

• To emphasize the need for a mutually beneficial deal

Why is a free trade deal considered important for both the UK and EU?

• It allows for cultural exchange

• It helps in maintaining economic growth

• It reduces political tensions

• It increases tourism

How does the production of BMW's minicar illustrate economic interdependence?

• The UK exports all parts from Germany

• The UK imports more than 50% of parts from Germany

• BMW only uses UK-made parts

• BMW exports cars only within the UK

What financial comparison is made between the UK and other countries like Switzerland and Norway?

• These countries do not have trade deals

• The UK pays more per capita than these countries

• These countries pay more per capita than the UK

• The UK does not pay any fees

What is the concern among European politicians regarding the UK's trade deal?

• The UK might refuse to negotiate

• The UK might increase its exports

• The UK might get a deal that is too favorable

• The UK might leave the EU