BREAKING NEWS

Brexit impact 'manageable' for EU economies, according to German study

By REUTERS

JUNE 2, 2017 13:29

BERLIN - The economic impact of Britain leaving the European Union will be "manageable" for the German and EU economies even though some economic sectors will be more seriously affected, according to a study commissioned by the German economics ministry.

"Even under unfavorable conditions, Brexit will be manageable for the EU and German economies," economics minister Brigitte Zypries said in a statement on Friday. "That is partly due to the current good economic environment."

Many in Britain have suggested that the possibility of EU economies taking a serious hit from Brexit will incentivize the bloc to give London generous market access after its departure.

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