1. Start of session at World Economic Forum (WEF) on G20 and global growth
2. SOUNDBITE (English) Wolfgang Schauble, German Finance Minister: ++SOUNDBITE HAS SHOT CHANGES++
"I got Prime Minister May saying the UK will be a truly global economy. And that been agreed not (only) in the EU, it has been agreed in the global forum of the G20 in Antalya. Therefore a truly global economy has to stick what has been agreed globally, otherwise there will be a contradiction. And you can always count on UK. UK government is always, always very consequent and very strict. Therefore I have no problem.
4. SOUNDBITE (English) Wolfgang Schauble, German Finance Minister:
"No I don't think that we want to punish UK. And the position of Germany, German government has been from the very beginning, from the first say after Brexit decision of the British people, saying we will not punish Britain. I think we have not been happy on this decision; we are convinced it is not in the interests of UK, neither in the interests of Europe. Therefore our position is to limit, to minimise the damages for UK as well as for Europe. And that is what will be our position in the beginning negotiation as soon as they start."
6. SOUNDBITE (English) Wolfgang Schauble, German Finance Minister: ++SOUNDBITE HAS SHOT CHANGES++
"Even if you rely on trade agreements. I often listen to UK voices, 'Oh we have CETA (trade agreement) with Canada'. The trade agreement doesn't relate financial services, it doesn't include financial services therefore to negotiate the adequacy of regulations for financial goods, and services and products and the financial markets is very difficult and sophisticated thing and requires a lot of time and therefore we will see what will happen in the negotiation. I think we should not start the negotiation in threatening each other and we know everyone has his muscles but no one's muscles are as strong as they would like to have the muscles."
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