EU Budget Commissioner: Germany would take financial hit from No Deal Brexit

The European Union’s Budget Commissioner, Gunther Oettinger, has admitted that that his home nation of Germany would have to cough up big time if the UK leaves the bloc without a deal.

He has told the German press that a No Deal, meaning no £39 billion Brexit bill, would lead to other EU countries having to stump up cash.

As to how much? “That depends on whether the British would be prepared to honour their rights and obligations until the end of 2019.

“If that doesn’t happen, then next year a middling-three-figure million amount will be added to Germany.”

As the German press themselves have reported: “EU Budget Commissioner Günther Oettinger warns of the consequences of a chaotic Brexit. Germany would incur high additional costs.”

It should be another wake-up call to those on the British side negotiating that the UK has significant leverage in the negotiations, with the hated backstop still making the current deal unlikely to get through Parliament.

The EU’s Oettinger thinks Theresa May’s deal could get through Parliament though, saying: “It is not entirely unlikely that the British Parliament will vote in January for the divorce agreement.”

And whilst some still speculate about Brexit being stopped, it seems he has accepted that it will now happen: “Nevertheless, I assume that it will come to an exit at the end of March.”

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