Revealed- The Staggering Cost of a NO DEAL BREXIT for France and Germany – Euro Weekly News

Posted: October 27, 2020 at 10:55 pm

The staggering cost of a NO DEAL BREXIT for Emmanuel Macron and Angela Merkel has been revealed by a new report.

A new report reveals that France and Germany are set for a whopping 11.98 billion (10.7 billion) bill unless the European Union can secure a Brexit deal with Britain.

The blocs two largest economies would have to shoulder the burden of a 33.6 billion (30 billion) loss in trade with the UK in a no-deal scenario according to the new report. German insurance giants Allianz have revealed potential slumps in business for car-makers, chemical producers and other manufacturers across the bloc if chief negotiator Michel Barnier refuses to budge in the wrangling over a post-Brexit trade deal.

The report urges EU leaders, such as Germanys Angela Merkel and Frances Emmanuel Macron, to agree to a compromise to prevent a loss of 33.6 billion (30 billion) in the blocs exports to the UK because of the introduction of trade tariffs. It seems like Boris Johnsons delay tactics seem to be working- the UK could indeed come out on top after all. TW

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Revealed- The Staggering Cost of a NO DEAL BREXIT for France and Germany - Euro Weekly News

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