Germany’s Foreign Minister Frank-Walter Steinmeier has called Brexit vote a „sad day for EU“. The Leave campaign secured 52 percent of the vote. Following the vote, Steinmeier will host talks on Saturday with his counterparts from the European Union’s founding nations. Steinmeier previously said that Britain leaving could lead to the “disintegration” of the European project. German business leaders have agreed that that the decision will see a deterioration in bilateral trade relations. According to Clemens Fuest, the president of Germany’s Ifo economic research institute, “the decision of British voters to leave the European Union is a defeat of common sense.”
