How Will No Deal Affect the EU? - Brexit Explained

The video explores the potential impacts of a no deal Brexit on the EU, focusing on trade disruptions, long-term economic effects, budgetary challenges, citizens' rights, and the Irish border. It highlights the EU's preparations and strategies to mitigate these impacts, emphasizing the importance of reaching a deal to avoid significant disruptions. The video also discusses the potential for future negotiations and the EU's stance on no renegotiations.

Why is it important to understand the EU's perspective on a no deal Brexit?

• The EU will not be affected by Brexit.

• To understand the potential impact on the EU.

• Because the EU has no interest in a deal.

• The UK does not need to consider the EU's stance.

What immediate change will occur in trade between the UK and EU after a no deal Brexit?

• The UK will become a third country and trade under WTO terms.

• The EU will stop all trade with the UK.

• Trade will continue as usual.

• The UK will have more favorable trade terms.

Which country expects to deploy additional customs officials due to a no deal Brexit?

• Spain

• Portugal

• Italy

• France

What is the expected GDP loss for the EU by 2030 if the UK leaves with no deal?

• 3.8%

• 1.5%

• 4%

• 0.5%

Which industry in Germany is significantly affected by a no deal Brexit?

• Technology

• Pharmaceutical

• Automobile

• Textile

How much is the potential budget shortfall for the EU if the UK leaves without a deal?

• 20 billion euros

• 12 billion euros

• 8 billion euros

• 16.5 billion euros

What percentage of the EU's budget is contributed by the UK?

• 13%

• 20%

• 10%

• 5%

What must nearly 4 million EU citizens in the UK do in the event of a no deal Brexit?

• Leave the UK immediately.

• Apply for settled status.

• Apply for UK citizenship.

• Nothing, their status remains unchanged.

What is a major concern for UK citizens living in the EU post-Brexit?

• Increased taxes

• Loss of employment

• Mandatory relocation

• Uncertainty of social security rights

What is a significant issue related to the Irish border in a no deal Brexit scenario?

• Increased tourism

• No changes expected

• Improved trade relations

• Potential for a hard border