The political turmoil in the United Kingdom is choking Germany’s economy. As Brexit continues and global trade wars persist, the export-driven country has seen trade to the U.K. plummet. (hereandnow)
Business owners in Europe’s largest economy were holding their collective breath this week, wondering whether clarity would finally come on Oct. 31 after three years of uncertainty over Brexit.“It is high time that we conclude this issue,” said Holger Bingmann, president of the German export association BGA, after the European Union agreed on Monday to extend the deadline to pass a divorce deal through the British Parliament to January 2020.
“It is extremely worrying,” Blank says, who needlessly prepared for a crash out at the end of this week by stockpiling inventory. “We’ve ordered absolutely everything we need to get us into the new year.” “Europe has been quite clever maintaining pressure on Britain, but at the same time making sure the flexibility is at a maximum to avoid a no-deal,” he says.A survey by the European Council on Foreign Relations in May found theacross the continent since 1983. But a majority also feared the bloc would collapse in the next 10 to 20 years.
Alexandra Hildebrandt is the director of the Checkpoint Charlie Museum in Berlin. She says the city’s dark history of division has lessons to teach Europe about unity in the age of Brexit. The 30th anniversary of the fall of the Berlin Wall is Nov. 9. For now, unity is a theme that even Euro-skeptics in Germany aren’t willing to give up on. The far-right Alternative for Deutschland party, or AfD, flirted with the idea of making a German exit from the EU an official part of its election platform — a so-called Dexit.
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