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German Finance Minister warns against Brexit

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IANS Berlin
Last Updated : Jun 11 2016 | 7:22 AM IST

German Finance Minister Wolfgang Schaeuble on Friday warned against a British exit from the European Union (EU).

"A Brexit would be tough for everyone, but above all for Britain," Xinhua quoted the minister as saying.

Britain is scheduled to hold a referendum on June 23 on its EU membership.

Schaeuble noted that the vote was final and renegotiations would not make a British withdrawal reversed.

"In is in. Out is out," he stressed.

The minister also warned of a domino effect, expressing concern that other EU member countries would think about leaving the EU after the British referendum.

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He noted that the EU must show it has learned lessons from the British referendum whatever the outcome.

Even if the British people vote for an EU membership by a narrow majority, Schaeuble said, "It would be a warning with the message: not to continue with business as usual."

But if Britain leaves, the minister added, Europe at a pinch "will also work without Britain."

--IANS

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First Published: Jun 11 2016 | 7:04 AM IST

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