January 21, 2019 / 8:31 AM / 9 months ago

German economy minister optimistic a hard Brexit can be avoided

German Economy Minister Peter Altmaier arrives for a news conference of German Chancellor Angela Merkel following the Hesse state election in Berlin, Germany, October 29, 2018. REUTERS/Hannibal Hanschke

BERLIN (Reuters) - German Economy Minister Peter Altmaier said on Monday that he was upbeat a hard Brexit could be avoided but stressed that the German government was prepared for all possibilities.

“Personally I’m optimistic that we can avoid a hard Brexit but the German government is of course prepared for all possible scenarios,” Altmaier told rbb radio.

Rbb said Altmaier did not foresee a recession in Germany even in the case of a hard Brexit as long Germany acted in a smart way. It cited him as saying: “Of course we must give tax incentives because corporate taxes have continually increased in recent years while they have fallen in other European countries.”

Reporting by Michelle Martin; editing by Thomas Seythal

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