Re: @anon: This is what it looks like outside the EU.
what?
From the article - "Dot-EU domains cannot be bought or renewed after Brexit by organizations nor people located outside the union, which means UK-based folks will be unable to hold onto their .eu domains."
Note the language - cannot be "bought or renewed". So, when the registration period is up, renewal will not be offered by the existing rules of the domain. Defunct registries will be actively removed, which is not exactly unusual.
Seriously, folks, what have you lot been putting in the water over there. You're not reading the Sun or the Daily Mail