In an interview with the German newspaper Passauer Neue Presse, German Finance Minister Olaf Scholz is cautioning that despite hopes that Brexit is an orderly event, Germany is prepared for “all Brexit scenarios”.
Key quotes (via Reuters)
Germany hopes that Britain will leave the European Union in an orderly manner, but Berlin is also prepared for Britain crashing out of the bloc without a mutually agreed divorce deal, Finance Minister Olaf Scholz was quoted as saying on Friday.
“An unregulated Brexit would be the worst outcome for Europe, but especially for Britain, because it would hit the British economy hard,” Scholz told Passauer Neue Presse newspaper.
“We are preparing very carefully for both options, the controlled and the uncontrolled Brexit. Both scenarios are posing challenges for us, but we can and will manage them.”
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