German companies are already noticing a decline in sales to Britain. They’re pinning their hopes on a soft Brexit that takes the needs of business into account.
Foreign minister Sigmar Gabriel has announced a review of German state guarantees for financing exports to Turkey, and warned citizens to be careful when travelling to the country amid escalating tensions.
Contrary to claims by the UK's Brexit negotiator, two key industry leaders in Germany have said the priority is to protect the EU's single market. They played down any help in securing a good Brexit deal.
A British former judge on the European Court of Justice (ECJ) tells DW that the Brexit talks could end with the UK crashing out of the EU with no deal. He also says many British misunderstand the role of the ECJ.
The City of London's regulator has said major City firms will start executing contingency plans at the end of the year if there is no agreement about the UK's transition for exit from the EU. Citigroup is off already.
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