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Skinny Free Trade Agreement

„As part of a Free Trade Agreement-style Brexit – our basic case – we expect UK GDP to grow to 4.7%. For the euro area, we expect GDP to increase by 5.4%. It is better than a 50% chance of concluding a limited free trade agreement (FTA) between the United Kingdom and the European Union before the end of the year, said Tánaiste Leo Varadkar. Varadkar warned, however, that his ministry must „dive” into the reconstruction fund announced in the budget without a free trade agreement, „and we will have to do that well before the first of January.” Varadkar said, „It may not be the most ambitious, but I think we will have what they call a thin or thin agreement.” It is true that the EU must continue to guarantee the right to limit access to the UK market if London deviates significantly from the common principles of competition and state aid to industry in the future.