What's Next for German-U.K. Relations After Brexit?

German Chancellor Angela Merkel said she expects the next U.K. prime minister to honor the Brexit referendum’s result and start talks with the European Union on leaving the bloc. “‘In my view, the decision has been taken,” Merkel said in an interview with Germany’s ZDF television on Sunday. “The next step, in all probability, is that Britain will make an application under Article 50 of the EU treaties once it has a new prime minister.” “I deal with realities and firmly expect that this application will be filed,” she said, referring to the clause by which EU members can leave the union. She emphasized the stance of the other 27 EU countries, including Germany, that the U.K. has to file its divorce papers before the EU will negotiate a new relationship. Economic Adviser to Germany Finance Ministry Thiess Buettner and Credit Suisse Senior Advisor Robert Parker discuss with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.

Deutsche Bank’s ‘Bowline’ Details Moving $350B From U.K.
03:19 - Deutsche Bank may shift about $350 billion from the balance sheet of its U.K. entity to Frankfurt. Bloomberg’s Michael Moore reports on the project, dubbed Bowline, on “Bloomberg Markets.” (Source: Bloomberg)
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