Schaeuble, Lew Urge Europe to Limit Brexit Risk to World Economy
- German minister comments after meeting U.S. counterpart Lew
- Lew calls for ‘highly integrated’ U.K.-EU relationship
German Finance Minister Wolfgang Schaeuble and U.S. Treasury Secretary Jacob Lew give a joint news conference in Berlin, on July 14.
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German Finance Minister Wolfgang Schaeuble said European leaders must limit the potential economic damage caused by the U.K.’s exit from the European Union as the U.S. urged both sides to keep post-Brexit ties as close as possible.
“The faster we establish clarity, the better we’ll be able to limit any risks,” Schaeuble told reporters in Berlin on Thursday after talks with U.S. Treasury Secretary Jacob J. Lew. The government of Prime Minister Theresa May “needs a bit of time” to sort out its position on the U.K.’s relationship with the EU and Germany will “make the best” of the new situation, he said.