THE INDEPENDENT: A British exit from the European Union would be a catastrophe despite disagreements over capping banker bonuses that have left London increasingly isolated, German Finance Minister Wolfgang Schaeuble told an Austrian newspaper.
His comments are his strongest so far in trying to avoid a messy split that would send shock waves through politics and financial markets.
Britain failed this week to secure backing to water down new EU rules limiting bonuses, a measure that could threaten London's dominance as a financial centre.
Schaeuble acknowledged Britain's interest in the subject, given the major role its financial centre plays, but told Der Standard :
"I would prefer that the British could also agree, especially since I would not like the British to be driven out of the EU in the end. It is German policy that one does not support the voices that can imagine an EU without the UK."He spoke of the damage such a move would inflict on the EU. » | Michael Shields | Saturday, March 09, 2013
