VW scandal is ‘heavy blow’ for German economy, says EU’s Martin Shulz

But the head of the European Parliament, who is a German Social Democrat, said Europe’s biggest carmaker was still likely to survive the crisis

The head of the European Parliament has said the emissions scandal at Volkswagen would hit the German economy hard but Europe’s biggest carmaker was likely to survive the crisis.

Germany’s finance and economy ministers have played down the risk of a broader economic danger for Germany from the scandal.

Related: VW emissions scandal is a one-off incident, says motor industry boss

Related: The Volkswagen emissions scandal explained

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