Germany's Scholz: No-deal Brexit would damage Britain the most

Germany's Finance Minister Olaf Scholz told Reuters on Tuesday that a no-deal Brexit should be avoided as such an outcome would damage Britain the most.

The European Union gave Britain until the end of Tuesday to work out a Brexit deal that can be approved at a leaders' summit this week but said a delay to the Oct. 31 scheduled departure date and a breakdown of talks were also still on the cards.

"It would be good if there was a last-minute agreement," Scholz said in a Reuters interview. "A no-deal Brexit would damage Britain the most, but it would also impact everybody else."

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