German foreign minister says EU open to talks it Brexit deal rejected
Brussels is willing to renew talks with the UK if MPs vote down Theresa May’s Brexit deal, Germany’s foreign minister told reporters on Tuesday ahead of a crucial vote in parliament.
Talking to reporters at the European Parliament on Tuesday, German Foreign Minister Heiko Maas said that Brussels is open to renewing talks with the UK if MPs reject Theresa May’s Brexit deal in parliament on Tuesday evening.
However, he stressed that EU officials are unlikely to agree to major concessions or accept significant changes to the deal currently on the table.
‘The agreement stands, as it is,’ he said. ‘I doubt very much that the agreement can be fundamentally reopened. If there were a better solution, it would already have been put forward.’
Germany hopes British MPs accepts Brexit deal
The German foreign minister also said that he hopes British MPs will vote for May’s Brexit deal on Tuesday evening, believing that it is the best option for the UK to leave the EU and ensure minimal damage is sustained to its economy.
But reiterated that ‘if it goes wrong tonight, there could be further talks’.
His sentiments offer May a second chance in the increasingly likely event that her deal is shot down, with the UK prime minister looking to return to Brussels in the hope of secruing further concessions from the EU to get her withdrawal agreement over the line.
German recession fears grow
Germany has remained a strong ally to Britain during throughout the Brexit process, with its Chancellor Angela Merkel eager to support a smooth exit to ensure minimal impact to the UK and eurozone economies at a time when both shows signs of slowing.
German industrial output has fallen 1.9% in November for the third consecutive month, according to data released by the Federal Statistics Office on Tuesday.
The news adds weight to the argument that Europe’s second largest economy could slip into a recession as trade tensions between the US and China, Brexit and a global economy in decline begin to take its toll.
See an opportunity to trade?
Go long or short on more than 15,000 markets with IG.
Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.
Live prices on most popular markets