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German's economy facing sharp contraction after Brexit and Covid double-whammy | Politics | News express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
Merkel's multi-billion euro nightmare: Germany trade plummets due to Brexit | World | News express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
GERMANY has taken a huge beating as a result of Brexit, a former MEP and industry leader has said, after a new European Commission analysis suggested the country s economy will be clobbered to the tune of £30billion over the next two years. ....
Angela Merkel misery: Germany ‘taken huge beating as £30billion Brexit damage predicted Ciaran McGrath Replay Video UP NEXT The research, published this week, considers the impact Brexit will have on the European economy as a whole, with estimates suggesting it will amount to 0.5 percent of GDP - amounting to £121billion (€140billion) between now and 2022. Brexit will cost Germany - led by Angela Merkel - £30billion (€35billion) during this period, the Commission s report warned. Mr Henkel, who stood down from the assembly in 2019, is also the former president of the Federation of German Industries (BDI). He told Express.co.uk: Germany is particularly impacted. Not only was Britain the second largest net contributor to the EU s Budget and, it is now for Germany to pick up the largest portion of the missing funds. ....
EMMANUEL Macron has been praised to the skies by Armin Laschet, Angela Merkel s heir apparent, in a clear indication of where his sympathies will lie if he succeeds her as Germany s Chancellor. ....