Merkel Tells German Industry to Hold Firm as Brexit Talks Begin
- Don’t let anyone drive wedge between us, chancellor says
- Merkel says EU free-movement principles remain fundamental
GAM's Haywood Says Likelihood of No Brexit Deal Is High
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Chancellor Angela Merkel called on German business to back her bottom-line stance on Brexit, saying the European Union must defend its core principles as formal divorce talks with Britain get under way.
A day after Brexit negotiations began in Brussels, Merkel addressed her country’s main industry federation on Tuesday with a vista of deepening German-French cooperation, a nod to the possibility of a joint euro-area budget and a plea to business leaders to refrain from putting sectoral interests ahead of a united EU front toward the U.K.