Fuchs Unfazed by Deutsche but More Fazed by Hard Brexit
Michael Fuchs, a senior lawmaker in Chancellor Angela Merkel’s Christian Democratic Union, says U.K. Prime Minister Theresa May will make Britain’s negotiating position with the EU more difficult with a so-called hard Brexit. “It looks like she’s going for hard Brexit. If she wants it, she will have it,” Fuchs, a deputy parliamentary caucus chairman for the CDU, told Bloomberg's Francine Lacqua on "The Pulse." On Deutsche Bank, Fuchs criticized rumour against the lender. “I’m not very happy, because that speculation doesn’t help,” adding that the bank “is quite stable at the moment,” citing sizable balance sheet and sufficient liquidity.
Most Recent Videos
WPP CEO Says Brexit Uncertainty Is Difficult for Business
44:25 - Former Bank of England Governor Mervyn King and Sir Martin Sorrell, chief executive officer at WPP Plc, discuss the Brexit endgame and how U.K. businesses are being impacted by negotiations. They speak with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)