Germany’s Merkel will ‘never’ allow no deal Brexit amid fears of ‘EU catastrophe’ | UK | News


Germany is desperately triyng to avoid a no deal Brexit since this scenario “would hurt Europe as much as Britain,” according Die Welt journalist Thomas Kielinger.

Speaking on the BBC’s Dateline, Kielinger declared that Chancellor Angela Merkel would “never” allow Britain to crash out without a deal.

He suggested that Mrs Merkel will likely put pressure on EU chief negogiator Michel Barnier and the European Commission president Jean-Claude Juncker to back down in its tactics.

Britain is due to leave the EU on March 29 next year, but an agreement has yet to be reached with Brussels on its exit from the bloc.

The latest prediction comes as German politicians and bankers reveal the cost of no deal Brexit to the leading European economy.

Kielinger, who works as the London correspodent of Die Welt, said: “Germany wants to make sure that the deal at the end does not mean a coup against May.

“Germans want May to continue because the alternative its unconscionable. The message is keep her in power.

“How they will go about that, influencing, urging and impinging the Commission and Barnier is beyond me.

“They will certainly be in favour of some deal or other because a no deal scenario for Europe would be just as catastrophic for Europe as for Britain.

“I cannot even conceive it in my mind.

“It would require a huge suspension of disbelief to think Europe would allow a no deal scenario to emerge.

“I don’t think we will, definitely not. It would hurt us as much as everyone in Britain.”

He also remarked that the Brexit talks were coming to a head at a time when there were “no strong individual European governments.”

Kielinger added that all member-states of the EU are facing “their own crises at home”.

He claimed that a no deal Brexit would simply add to these chaotic situation.

Germany’s Foreign Minister Heiko Maas said this week that his country is trying to avoid a disorderly Brexit,

Fear of a chaotic departure from the EU are growing among German banks, who have warned of chaotic impacts on the European financial markets if such a scenario materialises.

Andreas Krautscheid, managing director of the Association of German Banks – the main lobby group of the banks in the bloc’s largest economy – said: “There are threats of turmoil on the European capital markets – not only in London, by the way, but also in Frankfurt, Paris and Amsterdam.”

Wolfgang Münchau, a prominent financial commentator, has also warned that Germany’s annual £44.5billion (€50billion) trade surplus with Britain means a hard Brexit would be “disastrous” for the EU powerhouse.

The German government has asked drugmakers to examine their supply chains amid concerns over shortages of essential drugs should Britain leave the EU without a deal.



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