View Single Post
  #56  
Old 25-06-2016, 09:26 AM
cdm61 cdm61 is offline
Registered User
 
Join Date: Sep 1999
Location: selhurst
Posts: 11,689
Rep Power: 21474856
cdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is herecdm61 Sam the man is here
City of London may lose 'passport' - ECB council member

The City of London is at risk of losing its prized “EU passport”, according to a European Central Bank Governing Council member, who added that Brexit talks must be carried out quickly to limit uncertainties.

The City of London will not be able to keep that passport if Britain leaves the EU’s single market of trade in goods and services, Francois Villeroy de Galhau told France Inter radio.

“There is a precedent, it is the Norwegian model of European Economic Area, that would allow Britain to keep access to the single market but by committing to implement all EU rules,” he said.

“It would be a bit paradoxical to leave the EU and apply all EU rules but that is one solution if Britain wants to keep access to the single market.”
Reply With Quote