BDI warns of disaster with Brexit and calls for a quick agreement

DJ BDI warns of disaster at Brexit and calls for a quick agreement

DÜSSELDORF (Dow Jones) – The Federation of German Industries (BDI) has called on the EU and Great Britain to come to a final agreement on the conditions of Brexit in the coming days. “An agreement on a new trade agreement has to come at the last second. Anything else would be a disaster,” said BDI Managing Director Joachim Lang of the Düsseldorf “Rheinische Post” (Saturday). “Because of our close economic links, a compromise between the EU and the United Kingdom is urgently needed. This is the only way – albeit almost too late – that more planning security can finally be achieved in the companies on both sides of the canal,” emphasized Lang.

The economy was bitterly disappointed with the course of the negotiations. The ball is now in London. The British government must be aware that the economic damage of a no-deal Brexit for the British economy would be dramatic. “It would be a dangerous illusion to assume that with a deal all problems would vanish into thin air,” warned Lang. German industry is preparing for very big challenges in German-British relations. The negotiations between the EU Commission and the British government have still not cleared decisive hurdles. EU chief negotiator Michel Barnier considered a timely Brexit agreement with Great Britain to be unlikely on Friday, according to information from diplomatic circles.

Contact the author: maerkte.de@dowjones.com

DJG/thl

(END) Dow Jones Newswires

November 28, 2020 10:37 ET (15:37 GMT)

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Europe warns Turkey: next days will be crucial – ANHA | HAWARNEWS

Spokesperson for the EU High Representative for Security and Foreign Policy Peter Stano said: “Brussels is still awaiting real Turkish approaches to de-escalation in the eastern Mediterranean.”

He added: “On this ground, we will see if we move to a positive dialogue or other options.”

The Italian news agency AKI quoted Stano as saying that “the next few days will be decisive”, referring to the European summit scheduled for December 10 and 11, during which the countries and institutions of the Union will evaluate Turkish practices and take advantage of the characteristics of the next phase of relations between the two parties.

ANHA

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NATO Warns Turkey: Operating S-400 Will Affect Relations Between NATO Members – ANHA | HAWARNEWS

A spokeswoman for the Alliance said in statements to the German news agency (dpa) on Saturday: “This system may represent a danger to the aircraft of the allies and affect relations between the Alliance partners.”

He expressed NATO concern over those reports and called on Ankara to seek alternative solutions with the other allies.

He confirmed the inability to integrate the “S-400” system with the air defense and anti-missile system of the military alliance, while stressing that testing the system through Turkey will be regrettable.

Earlier, Turkish media reports have stated that the Ankara government had for the first time tested Russian surface-to-air missiles in operating conditions near the Black Sea city of Sinop.

In addition, the United States excluded Turkey from the F-35 program, due to Turkey’s purchase of the Russian missile defense system, and threatened to impose sanctions on Ankara.

ANHA

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