Brexit news latest – Germany vows to keep strong links with UK ‘no matter what’ the outcome in the EU trade talks

2 months ago 5

GERMANY'S Deputy Finance Minister Jorg Kukies admitted Berlin will take a “pragmatic” approach towards ties “no matter what happens” in Brexit talks.

Mr Kukies said: "German corporates rely massively on wholesale financing from the City of London. We’ll have to maintain pragmatism no matter what happens.

“There’s so much depth and intensity of relationships between European countries and the UK that this will not degenerate into animosity.”

Gabriel Felbermayr, the Austrian head of Germany’s prestigious Kiel Institute for the World Economy, said free trade with Britain is “incredibly important”.

Their remarks came amid optimism that UK chief negotiator David Frost and Michel Barnier are closing in on a deal, with talks set to continue over the weekend.

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