German government divided over EU’s future post-Brexit

Global Business

German government divided over EU's future post-Brexit

In Germany, there is broad cross-party agreement that a prolonged period of uncertainty as a result of Britain’s EU exit would be bad for Germany and much of the rest of Europe, and that now is the time to send a strong message across the continent.

But the parties are divided on how Germany should seek to shape the future of Europe after Brexit.

CCTV’s Guy Henderson reported this story from Berlin.
Follow Guy Henderson on Twitter @guyhendersonde

The Social Democrats presented a 10-point plan to German Chancellor Angela Merkel, calling for EU Treaty change, to allow powers to be given back to both the European and National Parliaments.

The plan may reportedly also include calls for more fiscal flexibility within the Eurozone.

But Merkel is against it – no rash or hasty decision is her cry, though Merkel’s coalition partners believe some change must happen soon.

Experts are expecting more acute divisions in Germany on this matter to surface.

But for now the Chancellor’s priority appears to be more immediate: simply holding Europe together.


Chris Bovis on the aftermath of Brexit

For more on the aftermath of Brexit, CCTV America’s Rachelle Akuffo was joined by Chris Bovis, business law professor at the Business School of the University of Hull.

Bovis shared his expectations of the future of global markets, global trade and tourism in Europe. He also shared his thoughts on the likelihood of Scotland getting another referendum in the coming years.