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German minister optimistic about avoiding hard Brexit

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BRUSSELS, March 12, 2018 (Xinhua) -- German Finance Minister Peter Altmaier (L) talks with Greek Finance Minister Euclid Tsakalotos (R) prior to a meeting of Eurogroup finance ministers in Brussels, Belgium, March 12, 2018. Eurogroup President Mario Centeno said Monday that the eurozone bailout fund is expected to disburse the next tranche, worth 5.7 billion euros (7.03 billion U.S. dollars), to Greece in the second half of March. (Xinhua/Thierry Monass/IANS) by .
German Finance Minister Peter Altmaier (L) talks with Greek Finance Minister Euclid Tsakalotos (R)

German Economy Minister Peter Altmaier has said he is optimistic that a hard Brexit could be avoided…reports Asian Lite News

BRUSSELS, March 12, 2018 (Xinhua) -- German Finance Minister Peter Altmaier (L) talks with Greek Finance Minister Euclid Tsakalotos (R) prior to a meeting of Eurogroup finance ministers in Brussels, Belgium, March 12, 2018. Eurogroup President Mario Centeno said Monday that the eurozone bailout fund is expected to disburse the next tranche, worth 5.7 billion euros (7.03 billion U.S. dollars), to Greece in the second half of March. (Xinhua/Thierry Monass/IANS) by .
German Finance Minister Peter Altmaier (L) talks with Greek Finance Minister Euclid Tsakalotos (R)

“I’m personally optimistic that we can avoid a hard Brexit but the German federal government is naturally prepared for all possible scenarios,” Altmaier told rbb info-radio.

Altmaier also told the media outlet that Germany observes this development on the one hand with a lot of sympathy for Britain. On the other hand, he is also in the awareness that a lot is at stake — for the people in Britain, also in Germany and Europe.

However, Altmaier did not foresee a recession in Germany even in the case of a hard Brexit, because Germany acted smartly.

“We must give tax incentives because the corporate taxes have continually risen in recent years, while they have fallen in other European countries,” he said.

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