Germany's Merkel: German economy looking relatively solid

Schaeuble also speaking on ZDF TV

Merkel:

  • We need to work for successful EU
  • Need to maintain good relationship with UK
  • Cant allow Brexit to put EU-27 at risk
  • Full UK market access only if EU freedoms accepted
  • German Business/govt must stand together on Brexit
  • Free competition is best for prosperity
  • Will continue to pursue free trade agenda

Schaeuble:

  • Trump protectionism no recipe for economic growth
  • Global trade is rule-driven
  • EU/Germany mush brace for Trump challenges

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