PBS NewsHour full episode 16 March 2017
No wonder they want us to stay Germany Brexit afraid because they would lose 35 billion.
I think the damage Brexit would be great for both parties.
Markus Kerber, CEO of Bundesverband der Deutschen Industrie.
German companies employ about 370,000 people, with more than one per cent of British workers.
Meanwhile, the UK is also said to be an important export market in 2015 Germany exported goods worth $ 70 billion in Britain.
Markus Kerber, CEO of Bundesverband der Deutschen Industrie BDI Federal Association of German Industry warned a negotiation process, in case of ties with Britain severing the EU would take years.
He said that I think the damage Brexit would be great for both parties.
M. Kerber warned companies would compete against each other for access to regulatory standards and market if Britain chooses to leave the bloc of 28 members.
More than 2,500 German companies have branches in the UK.
The bank issued the warning he revealed bilateral trade between the two sides of the Channel more than doubled over the past 25 years.
More than 2,500 German companies have branches in the UK, while nearly 3,000 British companies have branches in Germany.
Ahead of the UK are the US, China and France which serves Germany as the country of export.
Meanwhile, the CEO of the German Stock Exchange DAX said Brexit lead to distortion, although it is unclear whether it will have business benefits and new regulations for goods, human resources and profits.
In Germany, it is also feared withdrawal lead to more spending, more bureaucracy, higher costs, worse access to the trade market.
While companies expect Britain to leave the EU would happen in stages to reduce the shock and the impact of a sudden exit.
But there is an industry that would definitely enjoy Brexit - advisers and lawyers should prepare companies for the new market and could be included to charge a lot of money for their advice.
Merkel said that Britain supports private Brexit would be the ultimate disaster, but chose to remain calm so as not to enrage the militants remain.
No wonder they want us to stay Germany Brexit afraid because they would lose £ 35 billion World, wonder, they, want.