Angela Merkel tells EU to prepare for no trade deal Brexit
The TelegraphAngela Merkel said the EU should be prepared for a no trade deal Brexit on Wednesday, the day after Boris Johnson warned the German chancellor that Britain was "ready" to walk away without an agreement. "I will continue to push for a good solution, but we should also prepare for a possible no deal scenario," Mrs Merkel said in the European Parliament in Brussels. On Tuesday, the Prime Minister told Mrs Merkel that the UK "would be ready" to leave the transition period at the end of the year on Australian terms – the Government's preferred expression for leaving without a trade deal. We must bear that in mind when we commit to economic recovery.” Mrs Merkel said, “We need to mourn our dead and recognise the pain of farewells that were not possible.” EU leaders will meet on July 18-19 for tough talks over a €750 bn recovery fund and €1.1 trillion EU budget, which the European Commission has called for to kickstart the economy after the pandemic.