Michel Barnier labels Brexit a 'lose-lose' game as the Eurozone slips into ... trends now
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Brexit was a 'lose-lose' game for Britain claimed a top EU official yesterday – just as the eurozone slipped into recession.
The damning verdict on this country's departure from the European Union came from Brussels' former chief Brexit negotiator Michel Barnier.
But Britain has managed to defy the doom-mongers and avoid the recession that has hit the single currency bloc.
Following a sharp downturn in Germany, official figures from Eurostat show the eurozone economy shrank by 0.1 per cent in the first three months of this year following a similar contraction in the final quarter of 2022.
That means it is in recession – defined as two consecutive quarters of decline – with Germany, Europe's biggest economy, leading the way.
The damning verdict on this country's departure from the European Union came from Brussels' former chief Brexit negotiator Michel Barnier
Following a sharp downturn in Germany, official figures from Eurostat show the eurozone economy shrank by 0.1 per cent in the first three months of this year following a similar contraction in the final quarter of 2022 (Stock image)
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