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No-deal Brexit would hurt Britain more than EU - Germany's Scholz

Sat, 12th Sep 2020 12:14

BERLIN, Sept 12 (Reuters) - A "no-deal" Brexit would hurt
the British economy a lot more than the European Union, German
Finance Minister Olaf Scholz said on Saturday.

"My assessment is that an unregulated situation would have
very significant consequences for the British economy," Scholz
told a news conference after a meeting of EU finance ministers
in Berlin.

"Europe would be able to deal with it and there would be no
particularly serious consequences after the preparations we have
already made," he added.

Prime Minister Boris Johnson said on Saturday that a planned
bill, which would breach a divorce treaty with the bloc, was
needed to protect Britain's integrity.
(Reporting by Paul Carrel
Editing by Michael Nienaber)

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