On the Brexit vote, the German investors have responded the way you said it is usually the British: cool. The German stock index Dax moved up shortly after opening on Wednesday morning, even by 0.41 per cent to 10 936,34 points, but then fell slightly. The pound Sterling maintained its gains from Tuesday evening, and cost 1,2876 dollars, only the London selection index FTSE crumbled.
the UK is to remain Germany's fifth major trading partner
While the markets are largely quiet, beat business associations Alarm. After all, the UK is Germany's fifth most important trading partner. The volume of trade amounts to 122 billion Euro, German companies have well over 2000 investments in the UK. "Companies on both sides of the English channel, hanging in the air. A chaotic Brexit moves in dangerously close,“ said the chief Executive of the Federal Association of the German industry, Joachim Lang. There is a recession in the British economy, which would also draw in Germany unnoticed over the threat. Any lack of clarity was endangering tens of thousands of businesses and hundreds of thousands of jobs in Germany and especially in the UK.
Also the German chambers of industry and Commerce is concerned. The companies have to prepare themselves now. "Without the agreement of the Brexit threatens to completely unregulated to expire," said DIHK President Eric Schweitzer. A possible shift of the EU exit of the UK for a few weeks would delay the lack of clarity only, said Schweitzer. The German Association of the automotive industry (VDA) described the rejection of the Brexit agreement in London as "political negligence". There are serious consequences for citizens and businesses in the UK and Europe, threatened to VDA President Bernhard Mattes said. "Without an orderly and workable solutions for the commercial transport Jobs in the automotive industry, in particular, on the British side, in the game," said Mattes. All Parties should now work, Unger Brexit apply avert. Against this Background, the shift of the exit date could be useful. The Deutsche Bank head Christian Sewing looks so. He expects "that it will shift the phase of at least three months," he said at the new year reception of the German Bank on Tuesday evening in Berlin. "Because the rest of the EU would lose in a hard Brexit half a percentage point of its economic performance is the disruption to trade, the financing conditions and the confidence of investors."
dairy farmers do not want to may suffer no Irish milk in Germany
Should leave the UK, the EU, and without that economic guidelines be drafted, including industries, you might think first of all, the dairy farmers. They fear that a Brexit, the Irish, who have delivered their milk so far, especially to the British neighbours, are now pushing to Germany in increasing numbers, and the slight recovery in the dairy market. The retail Association is worried about the German economy. The uncertainty could cause people to shop less, afraid of the HDE.daily mirror tomorrow location for Free order
Economists rely on negotiations
the Ifo President Clemens Fuest called on Britain and the EU, the negotiations on a Brexit agreement. "A hard Brexit, with its huge costs, must be avoided," said Fuest. Both sides should now return to the negotiating table and the agreement in such a way that it is acceptable for both sides. "Everything else would be a failure is not acceptable Policy." Ifo researchers Gabriel Felbermayr, however, showed understanding for the rejection of the Brexit deal by the house of Commons. "The' no 'of the British deputies to the separation agreement is absolutely understandable, because it would stages of the United Kingdom to the Status of a trading colony down". The German Institute for economic research (DIW) said that the decision of the British Parliament'm neither surprising, nor did it apply to the probability of Unger Brexits on 29. March 2019 increased substantially. "I expect that economic Chaos is prevented, for example, by individual agreement for a transitional phase," said DIW President Marcel Fratzscher. A second Referendum, and thus to remain a member of the EU, had actually become a piece of more likely. It should be "hard Brexit", would hit the German economy, but not overly hard and not permanently. "German companies have shown again and again that you can react flexibly and quickly to shocks," said Fratzscher. with rtr