The Telegraph (UK): German Mittelstand warns against "dangerous" no-deal Brexit


The German Mittelstand is facing a "big danger" from a no-deal Brexit as "intense and trustful business relationships" with British companies are put into jeopardy, industry leaders have warned.

The small and medium-sized businesses that underpin the German economy fear a "toxic cocktail" is being "stirred up in global trade relationships", with a no-deal Brexit a "major ingredient", warned Marc Tenbieg at the German Mittelstand Association.

While the trade body’s members have "prepared well" by shifting investment and supply chains, creating a "perfect plan for such a complex scenario as a no-deal Brexit is illusionary", he said. [...]

Mr Tenbieg called it a "tragedy" that "intense and trustful business relationships" built up over decades have been "jeopardised by poor political decision-making".

He added: "Around 70pc of German business expect bilateral business to decrease [with the UK] in 2019."


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Tom Rees

The Telegraph
Veröffentlichungsdatum: 10.08.2019
Link zum Artikel (Paywall / Bezahlschranke)

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