Tuesday, November 29, 2016

London as the financial centre of the euro zone? Non – Observer

The president of the Eurogroup, Jeroen Dijsselbloem, said on Tuesday that the European Union may not allow the financial centre is outside its territory, if the United Kingdom opt for an output that does not comply with the european rules.

"we can’t allow a third country to have access to and rights 'passport' to the financial services markets in Europe, if you at the same time we allow ourselves to deviate from the bank requirements, rules of consumer protection or whatever," said Dijsselbloem in the Commission of Economic and Financial Affairs of the European Parliament.

Being very frank, we cannot allow the financial centre of the euro zone and Europe is out of this and that take your own path in terms of rules and requirements, we simply can’t let that happen," he said.

Dijsselbloem declared himself a "great admirer" of the United Kingdom and recalled that the Netherlands is one of the main trading partners of the United Kingdom.

The president of the Eurogroup argued that the Brexit will have a negative impact on the british economy and considered that the effects are already in the reflect only the uncertainty about how will be the relations between the country and the European Union.

Dijsselbloem indicated that the option to "favorite" would be that the United Kingdom "to accept fully all the rules and current requirements in force".

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