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Opinion
Leonid Bershidsky

The Brexit Deal Is Just Too Good for Europe

If Theresa May fails to get the draft agreement past her lawmakers, Michel Barnier and the EU leaders will have themselves to blame.

If the Brexit deal falls apart, Europe can blame itself.

If the Brexit deal falls apart, Europe can blame itself.

Photographer: Yuriko Nakao/Bloomberg

If the British parliament throws out the deal that Prime Minister Theresa May’s government has negotiated with the European Union, it will be most regretted in Brussels, because the deal in its existing form essentially insulates Europe from most of the Brexit fallout.

There’s a reason Donald Tusk, the European Council president, hurried on Thursday to call a meeting of EU leaders for Nov. 25 before there was any clarity on whether the deal will survive attacks from all sides in the U.K. As Tusk said, it’s always been the position of the EU that Brexit is a lose-lose proposition and any negotiations can only be about damage control. But the draft agreement isn’t at all bad for Europe.