Germany risks becoming ‘giant ATM machine’ following Brexit – UK trade minister
RT.com
29 Sep, 2016
Germany risks becoming the “greatest ATM machine” in history as a result of Brexit, the UK’s trade minister has warned. He said Berlin may be left to pay for a failing European Union which is in danger of collapse.
“If I were a German politician I would be worried that, without Britain, Germany has the potential to become the greatest ATM in global history,” Liam Fox, who served as a pro-Brexit campaigner during the referendum, told the Spectator magazine.
He noted that once Britain – the European Union’s second-largest economy – leaves the bloc, Berlin will have lost a key ally in enforcing “economic rigor.” As a result, it could end up paying for other EU nations.
Fox also said the bloc is facing the risk of “implosion.”
“The architecture is beginning to peel away,” he said.
“It’s going to sacrifice at least one generation of young Europeans on the altar of the single currency, and you can only rip out the social fabric from so much of Europe before it starts imploding.”
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