Business

There is ‘still a chance’ for Brexit deal: Merkel

But EU will still reject unacceptable terms, says German chancellor

Updated 5 years ago · Published on 09 Dec 2020 8:30PM

There is ‘still a chance’ for Brexit deal: Merkel
German Chancellor Angela Merkel says the EU is prepared for conditions from the British side that it cannot accept. – Pixabay, December 9, 2020

BERLIN – German Chancellor Angela Merkel said today she still sees a chance for a Brexit deal with Britain but warns that the bloc will reject unacceptable terms.

Speaking ahead of crunch talks between British Prime Minister Boris Johnson and EU chief Ursula von der Leyen, Merkel expressed cautious optimism about a trade agreement.

"There is still a chance for a deal," said Merkel, who holds the rotating EU presidency, but warned "we must not endanger the integrity of the common market".

"I don't think we'll already know tomorrow if we've been successful or not – I can't promise it – but we're still working on it."

Merkel told the Bundestag lower house of parliament that the bloc must maintain its red lines.

"We are prepared for conditions from the British side that we cannot accept," she said, even if it meant walking away without an agreement. 

She said the process of moving from a "harmonised legal system" between Britain and the EU to a time after Brexit when the systems "grow more and more apart" required a "level playing field for tomorrow and the day after tomorrow".

"We can't just say we won't talk about it," she said, "otherwise we'd end up with unfair conditions for competition that we can't ask of our companies". 

"That is the big question we need a satisfying answer to," she said. – AFP, December 9, 2020

Related News

World / 3y

UK, EU clinch Brexit deal over Northern Ireland trade

World / 3y

Hopes of deal on N. Ireland Protocol as EU chief to meet Sunak

World / 3y

Irish PM signals progress on amended N. Ireland Brexit trade deal

World / 3y

Ireland warns against ‘playing politics’ with Northern Ireland Brexit talks

World / 3y

Rishi Sunak hails Brexit as ‘huge opportunity’, three years on

World / 3y

UK vows to deport foreign criminals abusing country’s anti-slavery protections

Spotlight

Malaysia

RM245m Penang Hill cable car project 32 per cent complete - CM

By Ian McIntyre

Malaysia

Six locals charged over alleged kidnapping of Singaporean couple in Johor

Malaysia

PM: No political, racial or religious shield for those found guilty in TH, Felda probes

Malaysia

Singapore security guard jailed 14 days, fined RM7,000 for insulting Islam

Health

Dengue cases soar 56% to 58,079 as nation records 55 deaths

Malaysia

NGOs urge BERSAMA to put Indian community agenda on political radar

By Alfian Z.M. Tahir

Health

MOH warns seniors against unproven hydrogen inhalers

Malaysia

Former Tabung Haji CEO remanded seven days as MACC RCI probe deepens

Malaysia

21 held in KLIA-Nilai crackdown on alleged online love scam syndicate

You may be interested

Business

FMM urges input tax credits as government reviews GST features for SST

Business

Oil prices surge as US-Iran standoff, Ukraine strikes rattle global energy markets

Business

Oil prices hold above US$84 as Middle East tensions persist

Business

Independent review needed, not blind denial, to address US claims – maritime expert

Business

Tey Por Yee and four others ordered to pay RM103.75m in SC civil suit

Business

Robo.ai expects shareholders’ equity to turn positive after restructuring

By Alfian Z.M. Tahir