Europe PANIC: The EU is getting 'more FRAGILE DAILY' amidst single market
The politician spent an enormous amount of time negotiating with the EU during his time in the Greek government. But the bloc’s fragility might also encourage a no-deal Brexit, Mr Varoufakis explained. He told BBC Newsnight on Wednesday evening: “The EU feels more fragile daily and they would much rather jeopardise a trade surplus and massive economic pain than the integrity of the single market.
“The EU must preserve the single market.
“The single market is more fragile than it seems and any breach of it at any part of the EU is going to be detrimental to the interests of those who are trading within the single market.”
The news come as Transport Secretary Chris Grayling defended giving a Government no-deal Brexit ferry contract worth almost £14million to a firm with no ships, saying the deal was "not a risk".
Speaking to The House magazine, he also said he did not expect Kent to come to a "grinding halt" even if there were lorry jams caused by the imposition of customs checks at the Channel ports.
In a wide-ranging interview he also hit out at the level of public criticism he receives, suggesting that as a "prominent Brexiteer in the Cabinet" he has become a "lightning rod for the anti-Brexit brigade".
Mr Grayling's decision to award Seaborne Freight a contract worth £13.8million has attracted widespread criticism.
The firm was one of three firms awarded contracts totalling £108million in late December to lay on additional crossings to ease the pressure on Dover when Britain leaves the EU, despite having never run a Channel service.
MPs are facing the cancellation of their February break as the Government struggles to make progress on .
Commons Leader Andrea Leadsom said the House may need to continue to sit to "make progress on the key business" before it, adding constituents would expect this to happen "at this important time".
Downing Street later said that parliamentary staff who had to cancel planned holidays or faced other additional expenses as a result of the decision would be compensated, but that MPs would not be covered.