Trichet Says Door Remains Open for U.K. to Stay in EU

Jean-Claude Trichet discusses the risks of Brexit, particularly a no deal scenario, and its potential impact on the UK and European economies. He highlights the preparedness of central banks, the challenges in UK decision making, and the European perspective on Brexit. Trichet emphasizes the importance of a deal to avoid economic catastrophe and notes the paradox of the situation, where Europe would welcome the UK staying despite the turmoil caused.

What is the main concern regarding a no-deal Brexit according to Jean-Claude Trichet?

• The uncertainty it creates

• The impact on global trade

• The effect on tourism

• The political implications

How does Jean-Claude Trichet view the role of central banks in a no-deal Brexit scenario?

• They should focus on inflation control

• They should prepare for asset freezing

• They should increase interest rates

• They should remain neutral

What does Jean-Claude Trichet hope for regarding the Brexit decision-making process?

• A deal to be reached

• A quick resolution

• A new referendum

• A complete withdrawal

What is the European stance on the UK potentially staying in the EU?

• They would welcome it

• They would oppose it

• They would be indifferent

• They would impose sanctions

What paradox does Jean-Claude Trichet highlight about the Brexit situation?

• The UK is economically strong but politically weak

• Europe is indifferent but also concerned

• The UK wants to leave but also stay

• Turmoil is in London, but Europe would welcome the UK staying