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Brexit Series: Soft Brexit is illusion, hard is reality
There can be no soft Brexit between the United Kingdom and the European Union and there should not be any illusion about it. Before the referendum even took place in June last year, we suggested that the risks from an exit by the United Kingdom are different for the UK and the European Union. For the UK, risks are largely economical, whereas for the European Union it is an existential one. No country has ever left the European Union and the United Kingdom is only aspiring to become the first. The EU cannot allow that exit to be a successful one as it could be an example for other countries to leave the European Union.
After receiving the Brexit letter from the UK, the European Council President Donald Tusk said with tears in his eyes that he is already missing Britain but need to take steps for damage control. That really means what we said earlier that the EU needs to take up steps so that no other economy aspires to leave.
If you still hope for a soft Brexit, which we doubt that anybody knows what it is, then you probably should look at the actions taken by the European Union since receiving the letter from Downing Street.
Actions do speak louder than words and crying, and actions so far do not create any illusion of a possible soft Brexit.