Brexit Should Be Prevented, German Government Advisers Say
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Angela Merkel and members of Germany’s Council of Economic Experts on Nov. 8.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The U.K.’s exit from the European Union should be prevented due to the “far-reaching impact” Brexit would have, Germany’s Council of Economic Experts, which advises Chancellor Angela Merkel, said Wednesday.
If Britain does leave the bloc, an agreement is needed that would minimize the damage for both sides, the council said in its annual report. With talks likely to drag on longer than the two years envisaged by EU rules, a one-time extension period should be granted, the experts said.