EU Has Gone the Extra Mile on Brexit, Says Luxembourg Finance Minister

The transcript discusses the EU's final offer on the Brexit deal and the potential consequences if UK lawmakers reject it. The EU has made significant efforts to reassure the UK, but there are concerns about a no-deal scenario, which would be detrimental to both sides. An extension of Brexit requires unanimous approval from EU member states, and there is skepticism about whether additional time would lead to a solution. Luxembourg is highlighted as a favorable destination for financial companies post-Brexit, with around 50 companies already choosing to relocate there.

What has the European Union done to address the UK's concerns about the Brexit deal?

• Imposed trade restrictions

• Ignored the concerns

• Provided reassurances

• Offered financial incentives

What is the potential consequence if the UK lawmakers reject the Brexit deal?

• A no-deal Brexit might occur

• The UK will remain in the EU

• A new deal will be proposed

• The EU will dissolve

What is required for a Brexit extension to be approved?

• Approval from the UK Parliament

• Approval from the European Commission

• Approval from the United Nations

• Unanimous approval from EU member states

Why is Luxembourg in a favorable position to attract businesses post-Brexit?

• It has banned foreign investments

• It has imposed high taxes

• It offers free land to companies

• It has a cooperative relationship with London

Which types of companies have chosen Luxembourg as a base post-Brexit?

• Asset managers and fintech firms

• Agricultural companies

• Retail companies

• Manufacturing companies