EXPRESS /// “Deputy finance minister Joerg Kukies said Berlin risks losing access to vital funding provided by the City of London if both sides cannot agree a deal before the end of the year.
The warning came after the wrangling over a post-Brexit future relationship moved to Brussels as part of an intensive phase. Mr Kukies said: “German corporates, for all that I can tell, rely massively on wholesale financing offered from the City of London, so in that sense we will have to maintain pragmatism, no matter what happens.”
#NewsLink: As the month’s pass, we have seen reality start to creep up on the EU power nations. Germany is under pressure, desperate for a deal with the UK. Germany wants to secure an arrangement with the UK, so they’re able to secure its manufacturing and exports.
However, the French want access into British fishing waters and have said they would sink any deal if Britain didn’t offer them open access into Britains sovereign fishing waters, with high quotas.
The next couple of weeks we will see temperatures rise, EU nations will have a clear choice, either take a free trade deal or we leave on Australian style terms. As it stands the biggest threat to the agreement is Macrons stance on fisheries. UK negotiator David Frost and Boris Johnson have both said that unless the EU respects Britains direction of travel as an independent coastal nation, there will be no deal.