May 15, 2019 / 1:23 PM / 3 months ago

Merkel - Brexit is ultimately is a loss for everyone

German Chancellor Angela Merkel reacts during her speech at the annual meeting of the German Sparkasse bank (Deutscher Sparkassentag) in Hamburg, Germany May 15, 2019. REUTERS/Fabian Bimmer

BERLIN (Reuters) - German Chancellor Angela Merkel said on Wednesday that Britain’s departure from the European Union would ultimately be a loss for everyone even if some companies had moved some of their business to Europe’s largest economy.

“Germany, as a financial location, is benefiting from that but that doesn’t change the fact that ultimately Britain’s departure is a loss from my perspective,” Merkel told a banking congress in Hamburg.

Reporting by Michelle Martin; Editing by Madeline Chambers

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