No-Deal Brexit to Be 'Total Catastrophe,' Trichet Says

The transcript discusses the potential economic impacts of Brexit on the UK, EU, and global economy. It highlights the historical context, comparing it to past events, and analyzes the costs associated with different Brexit outcomes. The interconnectedness of global economies means that Brexit will have widespread repercussions.

What are the speaker's views on the likelihood of the UK remaining in the EU?

In what ways does the speaker suggest that the repercussions of Brexit could extend beyond the UK and EU?