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 uncertainties are associated with the Brexit negotiations?

What does the speaker hope for regarding the outcome of the Brexit negotiations?