German Finance Minister Schaeuble says there is no a la carte Brexit menu
German Finance Minister Wolfgang Schaeuble in Berlin, Germany, November 9, 2016. REUTERS/Axel Schmidt
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BERLIN (Reuters) - Britain cannot expect any special treatment on migration if it wants to remain part of the European Union's common market as part of its Brexit deal, German Finance Minister Wolfgang Schaeuble told the Financial Times.
"There is no à la carte menu. There is only the whole menu or none," Schaeuble said in the interview, which the Financial Times published on its website on Thursday.
Schaeuble added that, with Brexit, Britain should be prepared for financial services to move to European centers such as Frankfurt. Euro clearing must be done within the euro zone because "the euro is the EU's common currency even when not all member states of the EU have this currency", he said.
(Writing by Paul Carrel; Editing by Arno Schuetze)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ECB Leaves Rates Unchanged; Provides Update on Asset Purchases
- Wall Street set to open flat after record day
- ECB will buy assets yielding below deposit rate - Draghi
Create E-mail Alert Related CategoriesETFs, Forex, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!