German finmin: Brexit will hurt everyone involved

German Finance Minister Olaf Scholz said Britain's departure from the European Union would hurt everyone involved but added that he hoped a Brexit deal sealed by European Union leaders on Sunday would lay the foundations for good development.

Scholz was speaking a day after EU leaders said the package agreed with Prime Minister Theresa May was the best Britain will get in a warning to the British parliament not to reject it.

(Reporting by Gernot Heller Writing by Riham Alkousaa Editing by Michelle Martin)

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