German Finance Minister Wolfgang Schaeuble: Britain’s exit from the European Union would be a disaster for both Europe and the United Kingdom

Market news

29 June 2015

German Finance Minister Wolfgang Schaeuble: Britain’s exit from the European Union would be a disaster for both Europe and the United Kingdom

German Finance Minister Wolfgang Schaeuble said on Friday that it would be a disaster for both Europe and the United Kingdom if the UK were to leave the European Union.

"It would not only be a disaster for the UK it would be a disaster for Europe. Therefore we will avoid this," he said.

Schaeuble added that it is Britain's decision.

Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Sunday: the central bank is alert to downside risks to reach its 2% inflation target by around September 2016

United Kingdom: Consumer credit, bln, May 1001 (forecast 1100)

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