Published On: Fri, Apr 6th, 2018

BREXIT CRISIS: Germany HEAVILY hit by UK exit – shock EU devastates Angela Merkel

The shock study by the European Committee of the Regions found 41 out of 50 regions, will see industry, craft and skilled trades under serious pressure from the loss of Britain.

The regions include Hamburg, Berlin, Cologne, Darmstadt, Dusseldorf and the western Ruhr area.

Committee chairman Karl-Heinz Lambertz called for Germany to do more in a bid to minimise the impact on regions.

Mr Lambertz said: “Given their close ties, the report suggests that German regions could be among the countries most seriously affected by the UK’s exit from the EU.”

He called for a trade agreement between the UK and the remaining EU members to minimise tariffs and allow free movement of goods.

With the help of the EU’s regional investment policy, every effort must be made to minimise the impact on the regions, Mr Lambertz said.

It comes after German MEP Hans-Olaf Henkel warned Brexit is a “lose-lose” situation for Germany and will hit thousands of jobs in Angela Merkel’s nation.

He claimed that while people are “realising the disadvantages of Brexit”, political leaders on the continent think it is only going to cause problems in the UK.

But, the German economist warned that it will also negatively impact the continent too.

He said: “It is so obvious, Brexit will result in a lose-lose situation for both, Britain and the EU.

“To negotiate a trade agreement with a new partner like Canada or Japan is one thing, but to disentangle trade relationships of thousands of companies which have grown over 40 years is quite another.

“Existing complex logistic chains, supplier and customer relationships would be suffering from Brexit, regardless whether soft or hard Brexit, with and without longer adjustment periods.”

Additional reporting by Monika Pallenberg

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