Fitch: warning for UK and Europe, don’t waste time

Fitch sends a warning to Europe and the United Kingdom, that in the aftermath of Brexit have already begun negotiations to regulate future trade relations, beyond the official statements.

The rating agency, in an article by analysts, said that "the negotiations will last longer, it will be worse" for both sides, showing "weak positions" and are affected by the political uncertainty and the risk of food populist positions in other European countries. "The time is crucial for both the United Kingdom, to see materialize the benefits highlighted by supporters of Brexit, both for the European Union, which risks delaying the laborious process of integration.

In particular, the EU will have to deal with biblical times required by the negotiations, which will be conducted by the European Commission, on the basis of the information received by the European Council, but then the agreements have to be ratified by Europarlament and individual national parliaments.