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Portugal Says Brexit Agreement Would Be the ‘Desirable Solution’

  • Economy minister Cabral doesn’t see a ‘disaster’ happening
  • U.K. is due to leave the European Union in March 2019
Bloomberg business news
Portugal’s Manuel Caldeira Cabral discusses economic growth and the risks posed by Italy and Brexit.(Source: Bloomberg)

Portuguese Economy Minister Manuel Caldeira Cabral said an agreement on Brexit would be the “desirable solution” among the available options for the U.K.’s departure from the European Union.

“Hard Brexit is worse than a soft Brexit and I think of course an agreement would be the desirable solution, otherwise we will have to work on other scenarios,” Cabral said on Friday in an interview with Bloomberg Television’s Alix Steel and David Westin in New York. “I don’t think that we are going to have a disaster. The links that connect European countries and the European Union are quite strong, so disentangling all these knots is going to be a hard process.”