‘There will be CONSEQUENCES’ German industry chief issues warning shot to Merkel on Brexit

Tuesday, June 27, 2017
By Paul Martin

A GERMAN industry chief today urged Angela Merkel to think about the “very negative consequences” of a no-deal Brexit and slammed both sides of the negotiations for failing to grasp the severity of the situation.

By NICK GUTTERIDGE, BRUSSELS CORRESPONDENT
Express.co.uk
Tue, Jun 27, 2017

In an impassioned intervention Karl Haeusgen, who is vice-president of the German Mechanical Engineering Industry Association, implored EU leaders to start taking Britain’s exit from the club more seriously.

He warned that the economic price of failing to strike a trade deal with the UK “will be bad for all of us” and said German manufacturers were concerned for the future of their businesses.

Mr Haeusgen, who is one of Germany’s most senior industrialists, made the remarks during a panel discussion on Brexit hosted by the specialist EU news website Euractiv.

They come after Mrs Merkel upped her rhetoric against Britain and branded Brexiteers “delusional” for believing the UK can enjoy a similar trade relationship with Europe outside the EU.

In a speech back in April which caused widespread controversy, the German chancellor said: “A third state, and that’s what Britain will be, cannot and will not have at its disposal the same rights as members of the EU.”

And in a dig at Theresa May she added: “I must say this clearly here because I get the feeling that some people in Britain still have illusions – that would be a waste of time.”

Mrs Merkel has taken an increasingly hard line towards Brexit and appears prepared for German taxpayers and businesses to pay whatever cost is necessary to keep the EU political project together.

Her commitment to the four “indivisible freedoms” of the Single Market – goods, services, capital and people – has so far kept the country’s powerful industrial lobby broadly behind her position.

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