for Europe In 60 Seconds.

Brexit first.

Well, on Friday, what happens is that all

of the UK representatives

leaves everything in Brussels.

All of the meetings, all of their coordination,

all of the commissions and whatever,

when it comes to shaping and taking

the common decision.

So legally, they leave.

But they remain within the legal framework

of the European Union.

All of the laws, all of the regulations will apply

to them for the entire year.

They remain in the Customs Union.

They remain in the single market.

And the reason for that is that one would

have to try to negotiate an arrangement between

the United Kingdom and the EU during this year.

Whether that will be possible within that

very tight timeframe remains to be seen.

And towards the end of the year, we'll end up

either with a crash, I certainly hope not,

or with a fairly minimalistic agreement when

it comes to a very important future relationship

here in Europe and for the world.

So, this is the end of the beginning,

but it's certainly not the end.

Well, that remains to be seen, frankly speaking.

There is a lot of coordination going on.

But it boils down to the capacities of the national states.