Merkel’s BIGGEST Brexit fear REVEALED: Why Germany is TERRIFIED of a No Deal Brexit?

The UK is the fifth largest destination for its goods and 750,000 jobs depend on the relationship between the two countries. Time is rapidly running out for Mrs May and her efforts to secure a Brexit deal by the end of March. Berlin has created new laws to protects its businesses from the economic issues of a no-deal Brexit and Chancellor Angela Merkel has agreed to contingency measures to reassure companies.

Head of the German Chambers of Commerce and Industry, Eric Schweitzer, said: “Brexit threatens massive consequences for the German economy”.

“We must be clear what this is all about. More than 750,000 jobs in Germany depend on exports to Great Britain. Just-in-time production and supply chains are at risk.”

President of the Germany Industry Federation, Dieter Kempf, said: “We have only got three months left and nobody should be playing games. Without an agreement there is no transition phase, which our companies badly need.”

The Institute for Economic Research in Munich has made it clear that “Germany exporters are beset by fears of a hard Brexit”.

The amount of Germany’s exports to the UK has already dropped more than five per cent since the 2016 referendum, the country’s economic model relies heavily on a structural trade surplus.

The British Chambers of Commerce has revealed the government has reached the point where “we need to ramp up the preparations” for a no-deal Brexit.

The preparations include 3,500 British troops being on standby in case chaos strikes with a no-deal Brexit.

The Cologne Institute for Economic Research has warned a hard Brexit could slash German exports to the UK by 57 per cent.

Germany has also been forced to consider what could happen with a no-deal Brexit with regards to its car industry as the UK is Germany’s biggest single car market, even bigger than the US or China.

German MEP Hans-Olaf Henkel has urged Brussels to come up with a new Brexit deal for the UK as he warned the exit of of “severe consequence” to the European Union.

He has said: “It’s of severe consequence to the European Union if Britain leaves. Let’s not forget, today already Britain is the largest single customer of the European Union, ahead of the United States, ahead of China.”