German economy slumps worse than UK after referendum vote

Hysterial German investors were panicking today as their stock market fell harder than the UK FTSE100 after the world-changing Brexit decision. The German stock index known as the Dax fell 1,000 points after the Brexit vote – the biggest drop it has seen since the economic crisis in 2008.

Key business groups in Germany have said that uncertainty following the seismic UK vote to leave the European Union will hit the German economy hard. The president of the Federation of German Wholesale, Foreign Trade and Services, Anton Borner, said: “Brexit has happened in a time of uncertainty. That is poison for the economy.” FULL REPORT