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Company News

Germany says EU will need to maintain "pragmatism" with Britain

LONDON, Oct 30 (Reuters) - Germany’s Deputy Finance Minister Joerg Kukies said he was “deeply concerned” about the lack of progress in trade talks between the European Union and Britain given the heavy reliance of German companies on funding in the City of London.

“German corporates, for all that I can tell, rely massively on wholesale financing offered from the City of London, so in that sense we will have to maintain pragmatism, no matter what happens,” Kukies told an online event held by Afore Consulting.

Reporting by Huw Jones; Editing by Alison Williams

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