REVEALED: Merkel NEEDS free trade deal with UK or 750,000 German jobs could face the axe
ANGELA Merkel will have to agree to a free trade deal with an independent United Kingdom because 750,000 jobs rely on cross-Channel exports, a senior economics analyst has warned today.
By NICK GUTTERIDGE
Express.co.uk
Thu, Jun 30, 2016
Marc Biese urged German politicians to “think” about the vast economic benefits of close ties with Britain as the cavernous trade deficit between the two countries was laid bare.
He further highlighted the growing split between Berlin and Paris over how to deal with post-Brexit Britain, accusing the “hardline” French government of trying to scupper talks in its own interests – something which would deeply damage the German economy.
Germany exports to the UK are more than double the value of those heading in the other direction, with British customers acting as a lifeline for “crucial” industries including car manufacturing on which its economies relies.
Figures from the German government show last year the country sold 89 billion euros (£73.5bn) worth of products to customers on our shores, whilst British industries exported just 38 billion euros (£314bn) in reply.
Mr Biese, who is the chief political analyst for the broadsheet Sueddeutsche Zeitung newspaper, said as many as 750,000 jobs could be on the line if Merkel pursues a policy of punishment towards post-Brexit UK.
In an article for the paper he warned it would be a “huge mistake” for European leaders to take an emotional response and attempt to kick Britain out of the bloc without a free trade deal.
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