Tell that Germany. German exports to the UK in 2016 surpassed 86B Euros, with the UK exporting to Germany worth 36B Euros. Thats a factor of roughly 2.5. In totals, Germany has more at stake in having no deal here or getting hit by a regime of mutual economic sanctions between the UK and the EU, than the UK has to loose in totals. Germany is Britain's most important export destination, and Britain is Germany's third biggest export destination (after the US and France). 12% of German EU exports went to the UK. If listing it by foreign trade saldi, the UK even is Germany's biggest partner. As importer to Germany, the UK ranks on 11th place for Germany. In total turenouts, the UK ranks 5th place in Germany's trade statistics.
https://www.destatis.de/DE/ZahlenFak...l#tab175736No2
https://www.destatis.de/DE/ZahlenFak...ublicationFile
Any fail to achieve a mutual agreement will most likely do more damage to Germany, than to Britain. I make no prediction on whether Euronanny Merkel will agree to let her German peasants pay that price, or not. She will chose a decision purely opportunistically, as always, only this is certain. And the Germans will obey. They are very good in that.
Add to that the compensations for membership fees Britain will no more pay once Brexit indeed has turned into an exit.Who do you think is expected to pay most of that? And France's Macroman has blocked regulations and the implementation of EU rules to control banks even tighter, in a bid to convince Banks leavin Lonmdo9n not to go to Frankfurt, but Paris, he also pushes agressively for the collectivisation of debts in th eeurozone, and wants that EU members not havign the Euro nevertheless must sooner or later participate in that debt relief. Net profiteer of all this: France.
So much for the announced honeymoon of the French-German axis.
Total losses for Germany could be higher than British losses, if no deal gets agreed on. However. Germany can digest higher losses probably more easily than the UK can digest even smaller losses. But that is valid for the Germany of the present only. In three years already, this could look completely different already. Wehat goes up, must come down, and Germany flies incredibly high alreeady since incredible eight years already - maintianing that high cruise at the cost of low wages and accumulating plenty of social dynamite.
When we go Baddaboom! , you all will take note of it even if you have been in deep sleep, promised.