Berlin, Jan 22 (IANS) German Economy Minister Peter Altmaier has said he is optimistic that a hard Brexit could be avoided.
"I'm personally optimistic that we can avoid a hard Brexit but the German federal government is naturally prepared for all possible scenarios," Altmaier told rbb info-radio here on Monday.
Altmaier also told the media outlet that Germany observes this development on the one hand with a lot of sympathy for Britain. On the other hand, he is also in the awareness that a lot is at stake -- for the people in Britain, also in Germany and Europe, Xinhua reported.
However, Altmaier did not foresee a recession in Germany even in the case of a hard Brexit, because Germany acted smartly.
"We must give tax incentives because the corporate taxes have continually risen in recent years, while they have fallen in other European countries," he said.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz