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Default Brexit will be painful - but for the EU rather than Britain

Says Holger Steltzner, the editor of Germany's conservative Frankfurter
Allgemeine Zeitung.

He warns that tariffs on British goods would "hit the EU harder, because
of our larger budget deficits", and the City of London would still be
competitive as the "world's greatest financial centre".

http://www.bbc.co.uk/news/world-europe-37542976
 
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