Bundesbank Executive Board Member Andreas Dombret

  • says Hard Brexit is economically manageable

More, via Bloomberg:

  • Dombret writing in column for Focus magazine (German-language news magazine)
  • Says banks, savings banks need to prepare for a failure of U.K. exit negotiations in view of sluggish state of talks and for a disorderly exit
  • In that case, the U.K. would be treated as a third country by EU and banks would know "precisely which rules apply"


Sounds like D outlining a worse case scenario here.


GBP barely changed