Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Germany's Merkel Stresses She Hopes Britain will Stay in EU

With the the biggest economy in the 28-nation bloc, German Finance Minister Wolfgang said that a British exit, known as a Brexit, would be bad for both Britain and the EU

German Chancellor Angela Merkel arrives for the cabinet meeting of the German government at the chancellery in Berlin, photo: AP/Markus Schreiber
1 year ago

BERLIN — German Chancellor Angela Merkel stressed Friday she hopes Britain will vote to remain in the European Union in a June 23 referendum that her finance minister labeled a “wake-up call.”

Britain and Germany have traditionally been allies in the EU on matters such as free trade.

“From my point of view, Great Britain remaining in the European Union is the best and most desirable thing for us all,” Merkel said in a speech to a group representing family-owned businesses.

She added that “we have very close cooperation on many questions with Great Britain, and would of course like to continue this within the framework of the European Union.”

We have to see this as a warning and a wake-up call not just to continue business as usual.” – Wolfgang Schaeuble, Germany’s finance Minister

Germany has the biggest economy in the 28-nation bloc, and Finance Minister Wolfgang Schaeuble told Der Spiegel magazine that a British exit, known as a Brexit, would be bad for both Britain and the EU.

“It would be a miracle if a withdrawal of Britain would come without economic disadvantages,” he said, adding that he and other EU officials are “preparing for all possible scenarios in order to minimize the danger.”

Schaeuble said if Britain leaves, the possibility of other countries following its lead “cannot be ruled out.”

“How would the Netherlands react, for example, which is traditionally very strongly linked with Great Britain?” he asked.

On the other hand, he said, “Europe will also function without Britain, if necessary.”

Even if Britain’s voters choose to remain in the European Union, the referendum itself shows a dissatisfaction that EU leaders can’t ignore, he said in remarks to Der Spiegel for a special Brexit issue titled “Please don’t go! Why Germany needs the British.”

“We have to see this as a warning and a wake-up call not just to continue business as usual,” he said, according to an advance copy of the magazine, which is publishing its Brexit feature in both German and English.

Though some have suggested the EU could use a British exit as an opportunity to push through further integration, Schaeuble flatly rejected the idea.

“We cannot simply push for more integration as an answer to a Brexit,” Schaeuble said. “That’d be clumsy, and many would correctly question whether we politicians still don’t understand.”

The influential finance minister suggested that if Britain did leave, though, it couldn’t expect to continue to enjoy the benefits of the European common market.

“In is in, out is out,” he said.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

Daily Exchange: Dollar Closes at 18.10 P ...

43 mins ago
Mexico

Theft and Looting Reported During Mexico ...

1 hour ago
Mexico

Messages of Solidarity Found in Donation ...

2 hours ago
Mexico

Cyclists Provide Aid to Mexico City Quak ...

2 hours ago
Most Popular

Mexico Shocked By News: Girl Trapped in ...

By The Associated Press
Mexico

Earthquake Death Toll Rises to 273

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Celebs Donate to Quake Relief, Politicia ...

By Federico Rojas Frias
Mexico

Search for Mexico Quake Survivors Enters ...

By The Associated Press
Mexico