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, Hope in the EU: What Joe Biden’s election victory means for Brexit | message, Forex-News, Forex-News
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Hope in the EU: What Joe Biden’s election victory means for Brexit | message

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, Hope in the EU: What Joe Biden’s election victory means for Brexit | message, Forex-News, Forex-News


, Hope in the EU: What Joe Biden’s election victory means for Brexit | message, Forex-News, Forex-News
• Biden is not a Brexit fan
• New President of Irish descent
• Focus on the EU as a strong partner

The 45th President of the USA, Donald Trump, has always been in favor of Great Britain leaving the EU and has supported UK Prime Minister Boris Johnson in the negotiations for an agreement with the European community of states. Trump was also anything but critical of a no-deal Brexit.

Biden is not a Brexit fan

With Joe Biden, the mood is likely to be different with regard to the upcoming separation of the British from the European Union. Because the 77-year-old is not a Brexit supporter and has so far been more of a proponent of a strong alliance of states. The fact that he also rejects a no-deal Brexit can also be explained by his biographical roots.

In the middle of the election campaign, he had already expressed himself critical of Johnson’s Brexit plans and, in the event of his election, made it clear that there would be no free trade deal – Trump had promised a “phenomenal deal – if in connection with a no-deal- Brexit a border between Ireland and Northern Ireland would be necessary again, which would endanger the peace between the two countries.

For several reasons, it is important to Biden that the EU and Great Britain go through a conciliatory divorce and that negotiations between the two lead to a Brexit deal. The new US president has Irish roots himself, an ancestry Biden is proud of. As a descendant of an Irish immigrant, the 77-year-old has repeatedly made his origins an issue in his political career. He considers the endangerment of peace on the Irish island as a result of Britain’s exit from the EU without an agreement to be the worst of all solutions unacceptable.

The election of Biden could now bring some movement into the stalled Brexit dispute and bring both sides back to the negotiating table to reach a deal. That this could happen as early as mid-November, as hoped, has recently become increasingly unrealistic. The deal must be in place by the end of the year, otherwise Great Britain will leave the EU without a trade deal – a scenario that neither the European Union nor new President Joe Biden would like to see.

A strong union is important

The dispute over a possibly necessary border between Ireland and Northern Ireland is only one of the reasons for the new US president why he feels more connected to the Europeans in the Brexit dispute. Because Joe Biden – quite unlike his predecessor Donald Trump – considers a strong European community of states to be important in order to create a strong counterbalance to China in terms of technological progress, for example. Biden also needs a strong EU with a view to climate change; a divided community is of little use to the new man in the White House.

It is therefore to be expected that Biden will take the side of the Europeans in the Brexit dispute instead of supporting Johnson in pushing through a separation from the EU at all costs. After all, its predecessor left a lot of scorched earth in Europe and seriously shook the relationship between the EU and the USA.

So it’s no wonder that it’s not just the German Chancellor Angela Merkel has high hopes for the new democratic US administration. “I wish him luck and success from the bottom of my heart, and I also congratulate Kamala Harris, the elected first female vice president of her country. I look forward to working with President Biden in the future. Our transatlantic friendship is indispensable if we are to face the great challenges of our time,” After the election result became known, the Chancellor sent congratulations across the pond via Twitter.

The EU Commission chief Ursula von der Leyen also emphasized the hope for cooperation between the EU and the United States and described the Americans as “friends and allies”:

That the British exit from the EU will come to a conciliatory end precisely because of the US government has recently become much more likely.

Finanzen.net editorial team

Image Sources: Ron Adar / Shutterstock.com, Stratos Brilakis / Shutterstock.com





, Hope in the EU: What Joe Biden’s election victory means for Brexit | message, Forex-News, Forex-News

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, Hope in the EU: What Joe Biden’s election victory means for Brexit | message, Forex-News, Forex-News

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