August 30, 2016 / 7:57 AM / a year ago

Britain, EU need new, 'fair and binding' rules for post-Brexit ties: Germany

BERLIN (Reuters) - German Foreign Minister Frank-Walter Steinmeier said Britain’s decision to leave the European Union would have long-term consequences that were still difficult to estimate, and said both sides needed new, fair and binding rules for their future ties.

German Foreign Minister Frank-Walter Steinmeier attends a news conference after a meeting on the Syria crisis at the Quai d'Orsay ministry in Paris, France, March 4, 2016. REUTERS/Jacky Naegelen/File Photo

Steinmeier told over 1,000 German diplomats and business executives at a foreign ministry conference that it was in Britain’s interests to start the process quickly given economic effects that were already becoming evident.

Reporting by Andrea Shalal; Editing by Madeline Chambers

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