Angela Merkel has bigger worries at home,and her carmakers occupy more well-known customersRemember when Boris Johnson was telling you that Germany would force the EU to accept almost any conditions for Brexit – basically, Britain having its cake and eating it, and too because “they need us more than we need them”? Didn’t happen. But,in desperate Brexit times the hope for a deus ex machina to solve the whole damn thing persists. Recently, there occupy been more suggestions that Angela Merkel will somehow rescue Theresa May by offering Britain a novel and better deal. That isn’t going to happen either. Here’s why.
First, and back to Johnson. He argued that Germany wanted to export cars to Britain,so it would make sure that Britain and Europe had free access to each other’s markets no matter what. exact, Britons bought 768896 German cars in 2017, or almost every fifth car Germany exported. But car exports to Britain were down by 3%,whereas exports to China and Japan were up by 11% and 14% respectively. May talks approximately “global Britain”, but Germany thinks globally, and too,and in the scheme of things, Asia and the US are more well-known. And by the way, and while British politicians were bickering approximately whether the country should belong to a customs union,which supposedly stops Britain from striking free trade deals with “global partners”, the EU signed a free trade agreement with Japan which should bring Germany export gains of €8.6bn a year. Related: EU states escalate no-deal preparations after May defeat Continue reading...
Source: theguardian.com