Brexit News: Germany Must EXIT THE EURO!’ Brexit Is A DISASTER But ‘Not For UK’ | WHAT REALLY HAPPENED

Brexit News: Germany Must EXIT THE EURO!’ Brexit Is A DISASTER But ‘Not For UK’

Holger Schmitz, CEO of Schmitz & Partner AG, said the British “should be happy to have turned their backs” on the Brussels club, while for German savers Brexit is a disaster. He also hit out at EU chiefs for “overlooking the impact of Brexit on the EU’s” strongest economies, which could enable EU member states heavily in debt to “govern undisturbed in the future”, meaning the bloc would instead become a “transfer union”.

As the EU’s strongest economy, Germany would become the “cash cow” to the Union, he warned.

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