Brexit no leverage for better EU deal: Schaeuble

May 13, 2016 00:26

Britain should not hope to use a "Brexit" to renegotiate a membership deal with the European Union, Germany's finance minister warned today.

"In means in and out means out," Wolfgang Schaeuble said, adding that British Prime Minister David Cameron in February negotiated a "very good deal for the UK" with the EU.

The accord, which Cameron is using as the keystone in his campaign for Britain to vote to remain in the EU, "confirms a special status for the UK and one that demands a lot from EU member states", said the German finance minister.

"But in contrast to what some are saying, this is the only deal on the table, there will be no renegotiations," said Schaeuble.

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