Germany's Scholz expects EU to win banking business after Brexit By Reuters

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Germany's Scholz expects EU to win banking business after Brexit

ForexFeb 08, 2019 09:45

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© Reuters. FILE PHOTO: German Minister of Finance Olaf Scholz visits China

LONDON (Reuters) - Germany's Finance Minister Olaf Scholz said on Friday Germany was ready for a hard Brexit and the European Union would win financial business from Britain.

He said nobody would have expected that it would be still unclear what sort of Brexit deal there will be just two months before Britain is due to leave the bloc.

"In the end we have to find a solution," Scholz told a Bloomberg event.

"It's obvious there will be a lot of business that moves to the EU," Scholz said of the financial services sector, adding that Germany was prepared for a no-deal Brexit.

"There will be a different landscape."

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Germany's Scholz expects EU to win banking business after Brexit

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