Speaking in London, German finance minister Wolfgang Schäuble, bluntly expressed her take at British exit from the union.

He cleared the air saying that Britain will not be able to use the referendum result, to negotiate better terms with European Union, if it chooses to leave. He completely dismissed the prospect of UK returning to the negotiating table.

He said, “There will be no renegotiation. In means in and out means out.” However he expressed his desire for UK staying in the Union.

“I think both UK and EU are better served with Britain remaining”.

But according to him, if Britain chooses the exit path, further negotiation over trade deal won’t come easy. According to the treaty’s article 50, UK will have two years to negotiate exit terms with the bloc, after which all relations will cease to exit automatically, unless negotiated.

According to Mr. Schäuble, Britain will have to pay the price of access to single market, the size of which is around $16 trillion according to 2015 GDP.

“Access to the single market comes with obligations. The more access, the more obligations.”

While his remarks may once more fortify the fear, being instilled by pro-members, it is unlikely to persuade voters, many of whom are disgusted by bossy attitudes of the Germans.