November 12, 2018 / 8:59 AM / a month ago

Everyone must prepare for possibility of hard Brexit: Germany

Stickers are seen attached to the Cabinet Office exterior door after an anti-Brexit march through central London, Britain October 20, 2018. REUTERS/Simon Dawson

FRANKFURT (Reuters) - Everyone needs to make plans for a hard Brexit just in case, German Deputy Finance Minister Joerg Kukies said on Monday.

“(It’s) very, very clear that everyone must prepare for eventuality of a hard Brexit,” Kukies - who focuses on financial market policy and European issues - told a banking conference in Frankfurt.

A hard Brexit is generally understood to be an abrupt exit by Britain from the European Union without measures in place to safeguard the British and European Union economies.

Reporting by Tom Sims; Writing by Michelle Martin; Editing by Thomas Seythal

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