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Merkel Warns Against U.K. ‘Illusions’ in Hard-Line Brexit Speech

  • German chancellor says exaggerated hopes would waste time
  • Speech to parliament ahead of EU’s Brexit summit on Saturday
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Jim O'Neill Says Brexit Showdown Can Be Good for May

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German Chancellor Angela Merkel laid down a tough line for Brexit talks with the U.K., reminding Britain it can’t expect preferential treatment as she warned that some officials in London were harboring “illusions.”