{"id":151353,"date":"2020-09-12T22:20:24","date_gmt":"2020-09-12T22:20:24","guid":{"rendered":"https:\/\/www.bnreport.com\/german-finance-chief-scholz-no-deal-brexit-will-hit-uk-harder-than-eu\/"},"modified":"2020-09-12T22:20:24","modified_gmt":"2020-09-12T22:20:24","slug":"german-finance-chief-scholz-no-deal-brexit-will-hit-uk-harder-than-eu","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/german-finance-chief-scholz-no-deal-brexit-will-hit-uk-harder-than-eu\/","title":{"rendered":"German finance chief Scholz: No-deal Brexit will hit UK harder than EU"},"content":{"rendered":"<p>BERLIN \u2014 The U.K. economy will suffer far more than the EU if the two sides dont agree a trade deal, German Finance Minister Olaf Scholz said Saturday.<\/p>\n<p>Olaf Scholz spoke at a press conference in Berlin after two days of informal talks with his counterparts from around the EU, adding that the bloc is \u201cwell prepared\u201d for a cliff edge.<\/p>\n<p>\u201cA hard Brexit would have very harsh consequences on the U.K. economy,\u201d he said. \u201cNot so much on the EU economy after the preparation we have already made for this eventuality.\u201d<\/p>\n<p>His comments come as tensions between the EU and U.K. have shot up over the British governments Internal Market Bill, which would allow London to change parts of its divorce agreement with the bloc.<\/p>\n<p>EU officials and member countries have expressed outrage over the bill. European Commission President Ursula von der Leyen <a href=\"https:\/\/twitter.com\/vonderleyen\/status\/1303664931485745153?s=20\" rel=\"noreferrer noopener\" target=\"_blank\">said<\/a> the U.K.s plan \u201cwould break international law and undermines trust.\u201d<\/p>\n<p>U.K. Prime Minister Boris Johnson defended his plans Saturday in British newspaper <a href=\"https:\/\/www.telegraph.co.uk\/politics\/2020\/09\/12\/make-eu-take-theirthreats-table-pass-bill\/\" rel=\"noreferrer noopener\" target=\"_blank\">the Telegraph<\/a>, claiming tha<a href=\"https:\/\/www.politico.eu\/article\/german-finance-chief-olaf-scholz-no-deal-brexit\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/snap.md\/wp-content\/uploads\/2018\/03\/politico-logo.jpg\"\/><\/p>\n<h5><a href=\"https:\/\/www.politico.eu\/\" rel=\"noreferrer noopener\" target=\"_blank\">politico<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN \u2014 The U.K. economy will suffer far more than the EU if the two sides dont agree a trade deal,..<\/p>\n","protected":false},"author":1,"featured_media":151354,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-151353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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