Germany's Schaeuble: Brexit would cause "immense damage" to Europe

Dhwani Mehta FXStreet

German finance minister Wolfgang Schaeuble crossed the wires via Reuters earlier today, repeating his concerns for the European Union, if Brexit becomes a reality, while commenting on separate topics such as on the Greece deal and Russian sanctions.

Key Quotes:

Brexit would cause "immense damage" to Europe

Certain that IMF will back Greece deal

Russian sanctions unlikely to end soon

Last week, the German fin min, Schaeuble, noted that it’s difficult to forecasts the effects of Brexit, while adding that ‘EU and Britain are best served by Britain staying in.’

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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