Silvia Amaro, CNBC: Brexit: Here’s what happens now
* But there’s a high possibility that the deal will be voted down — risk consultancy Eurasia Group assigns a 75 percent probability for that outcome.
* If the agreement is voted down by U.K. lawmakers, the government could try to extend the deadline of March 29 (when the U.K. is officially due to leave the European Union) or the country crashes out of the EU without a deal.
There is one thing currently uniting Prime Minister Theresa May with her 27 EU counterparts: They all want the Brexit withdrawal agreement to be approved by the U.K. Parliament.
But there’s a high possibility that the deal will be voted down — risk consultancy Eurasia Group assigns a 75 percent probability for that outcome. In the eyes of the U.K. prime minister and the other 27 EU leaders, this would bring uncertainty and difficulties at all levels for businesses, consumers and citizens.
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WNU Editor: Those who want to stay in the EU are predicting doom and gloom .... Brexit deal 'will cost UK £100bn' a year by 2030 (BBC). Those who support this Brexit are predicting doom and gloom .... Britain will head into unknown if Brexit deal is rejected: May (Reuters). My prediction .... this debate will be ongoing until the final day.
