No Deal Would be “Massive Crisis” for EU Warns German Industry mdi-fullscreen

German economists have warned that no deal could cause German exports to the UK to plummet by as much as 57%. The highly respected IW Economic Institute¬†based in Cologne called for policymakers to take “constructive action” to avoid what they called the “horror scenario” of no deal.

The boss of the BDI – Germany’s equivalent of the CBI – has also warned that a “disorderly Brexit” would be a “massive crisis” for the EU, demanding that political leaders achieve a “breakthrough in the talks” at the next EU summit.¬†As Brexiteers have been saying all along, German industry is desperate for a deal. So why is the UK the only side making serious concessions?

mdi-timer October 9 2018 @ 16:43 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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