Schaeuble Says EU Would Survive Brexit With Big Ambitions Curbed

German Finance Minister Wolfgang Schaeuble said the European Union will survive if Britons vote to leave, and the pace of handing over national powers to EU bodies will slow even if the U.K. stays in the 28-nation club.

Schaeuble sketched the vista of a potentially looser bloc in which governments rely more on agreements among each other, saying there’s little appetite for treaty changes that would give the EU institutions such as the European Commission a bigger say.