Spanish FM: UK would suffer more in no-deal Brexit

Spain's foreign minister on Sunday said that a post-Brexit -deal scenario "is something that we should try to avoid at all costs", while ding that " UK would suffer even more than European Union."

Speaking to British braodcaster Sky News, Arancha González said that "-deal in current circumstances would be extremely negative for our ecomies."

A -deal split would bring overnight tariffs and or barriers that would hurt both sides, although most ecomists think smaller British ecomy would take a greater hit because U.K. does almost half of its tre with bloc.

While both sides want a deal on terms of a new relationship, y have fundamentally different views of what it entails.

EU fears Britain will slash social and environmental standards and pump state money into U.K. industries, becoming a low-regulation ecomic rival on bloc’s doorstep, so is demanding strict “level playing field” guarantees in exchange for access to its markets.

U.K. government claims EU is trying to bind Britain to bloc’s rules and regulations indefinitely, rar than treating it as an independent nation.

González said that "tre deals are t me to" establish "countries' sovereignty", but "to man interdependence" between souvereign countries.

She also ackwledged ongoing "disagreement between UK and Spain on sovereignty over Gibraltar", saying it was "our duty is to find a deal that would help build this area of shared prosperity around Gibraltar".

In U.K.'s 2016 Brexit referendum, 96% of voters in speck of British territory on Spain's sourn tip supported remaining in EU. And Gibraltar's ecomy relies heavily on connections to EU and Spain.

territory was ceded to Britain in 1713 but Spain still claims sovereignty over it.