German vice-chancellor warns EU could “go down the drain” because of Brexit

The German vice-chancellor warned that the European Union would go down the drain if Brexit isn’t handled carefully.

Sigman Gabriel said that the bloc’s future depends on how well UK negotiations to leave the EU are handled. Mr Gabriel said that the UK should not be able to keep the nice things about the block while taking no responsibility.

Sigmar Gabriel with Angela Merkel
Sigmar Gabriel with Angela Merkel.

Mr Gabriel also expressed concern about other member states following the UK’s lead.

The world already views Europe as an unstable continent, Mr Gabriel recently told a news conference.

“Brexit is bad but it won’t hurt us as much economically as some fear – it’s more of a psychological problem and it’s a huge problem politically,” he said.

“If we organise Brexit in the wrong way, then we’ll be in deep trouble, so now we need to make sure that we don’t allow Britain to keep the nice things, so to speak, related to Europe while taking no responsibility.”

UK prime minister Theresa May urging government to get on with Brexit.

A Downing Street source told The Telegraph: “The Prime Minister has been very clear that the Government will deliver on the Brexit vote and make a success of it. Those are the marching orders and the civil service will be expected to deliver.”

Access to single market on a “sector by sector basis”?

Chancellor of the Exchequer Philip Hammond is reportedly seeking access to the single market on a sector by sector basis, with the financial services industry being one of the top priorities.

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