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A leading voice of German trade has warned that the country has a lot to lose in Brexit talks. Dr Volker Treier warned Angela Merkel, who criticised British "illusions" about Brexit yesterday, that German economy will suffer if she does not treat the UK well. The foreign trade chief of the German Chambers of Industry and Commerce said that the first signs of damage from Brexit could already be seen in the country.

GETTY; IG The leading voice of German trade has warned that Germany has a lot to lose in Brexit talks

During a panel discussion about Brexit on German television, the host asked: "Mr Treier, will the German economy after Brexit be left running around with a black eye? Great Britain is the third biggest trade partner." Dr Treier responded: "Yes, we can already feel it. The British Pound has been devalued since the Brexit decision, it has been devalued if we go back even further. "And in the past year our exports were in the black till the Brexit decision. In the end we landed at minus three per cent. In the fourth quarter there was a decline of nine per cent."

GETTY Merkel has condemned British illusions about Brexit

IG He warned that the worst is yet to come in Brexit

This means there is already some damage Dr Volker Treier

He added: "This means there is already some damage. Great Britain and the economy are helped by the weak pound at the moment. "There will be obstacles in our relationship. Great Britain will no longer be a member of the EU and therefore we will have a different type of relationship and not the same good one we have today." However, Dr Treier also warned that the UK will be the biggest victim of the break-up process.

IG TV host asked the industry boss is Germans would hurt from Brexit

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