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Brexit delay gives economy a moment to breathe, nothing more: Germany's DIHK

Published 03/22/2019, 03:00 AM
© Reuters.  Brexit delay gives economy a moment to breathe, nothing more: Germany's DIHK

BERLIN (Reuters) - The reprieve the European Union had given Britain for the deadline of its departure from the EU gives the economy a moment to breathe, but nothing more, the head of Germany's chambers of commerce DIHK said on Friday.

"But the now prolonged nail-biting also means that the risk of a hard Brexit remains very high," DIHK President Eric Schweitzer said in a statement.

European Union leaders have given Prime Minister Theresa May a two weeks delay, until April 12, before Britain could lurch out of the EU if she fails to persuade lawmakers to back the withdrawal treaty she concluded with Brussels.

(Corrects typo in headline)

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