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Don't mention Brexit to Berlin's expats

Monday, June 20, 2016 - 01:41

British expats living in Berlin have their own worries over Brexit - some even thinking about changing their nationality. And, as Laura Frykberg reports, German exports are also asking what the UK leaving the EU would mean for them.

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Despite the great distance, German company 'Schuf' has a close relationship with Britain. Five percent of the industrial valve-maker's turnover is generated there. In just a few days time though, that link could be severed, if Britain votes to leave the European Union. (SOUNDBITE) (English) MANAGER OF SCHUF, MAKER OF CHEMICAL VALVES, MARTIN FRANK, SAYING: "If Brexit occurred, we would of course have to react to any changes that would happen in England to our market there but that's something we could do fairly quickly by price adjustments etcetera. I would be more worried about our investments in our U.K. subsidiary. That would have to be reexamined, of course." The cost of a Brexit on German exports is the subject of much debate. A recent study by DZ bank put it at up to 45 billion euros, after German shipments to the UK surged by almost 13 percent last year. But is Europe's largest economy that reliant on Britain? Not really, says one economist. (SOUNDBITE) (English) CHIEF ECONOMIST WITH ING-DIBA BANK, CARSTEN BRZESKI, SAYING: "If you look at it, German exports are so diversified in terms of destinations, in terms of products. There will be a small impact on German exports but not a big one." There could be a big impact on millions of Britons living in Germany though. Some say they're not taking any chances, and applying for German citizenship. (SOUNDBITE) (English) IT SPECIALIST CHRIS ADAMS SAYING: "That's probably more attractive than going to a country where we voted to do something so incredibly self-defeating," Those campaigning for the status quo hope that's what most voters think. But they may be disappointed, two news polls predict more Britons are planning to vote to leave.

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Don't mention Brexit to Berlin's expats

Monday, June 20, 2016 - 01:41