Ad
Sapin (l): "Those who think that after Brexit things can be just as before are making a major mistake" (Photo: consilium.europa.eu)

France: London cannot remain EU banking hub

French finance minister Michel Sapin has said London cannot be the EU’s banking hub after the UK leaves the bloc.

“The first marketplace for euro-exchanges is London. Almost all the important chambers are in London. Is this a sustainable position after Brexit? I don’t believe so”, he said at the Tatra summit, a conference organised by the Globsec think tank in Bratislava on Friday (28 October).

“Be it a hard Brexit or a soft Brexit, this cannot go on after Brexit. Those who th...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Sapin (l): "Those who think that after Brexit things can be just as before are making a major mistake" (Photo: consilium.europa.eu)

Tags

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Ad

Related articles

Ad