Last updated: April 23, 2018

EU top negotiator wants ‘special’ Brexit deal with UK finance sector: report

Bank boss Mark Carney told MPs that there were "greater financial stability risks on the continent in the short term, for the transition, than there are for the UK" following BrexitThe European Union's chief Brexit negotiator has told colleagues that they need to strike a "special" deal with Britain's finance sector in order to keep credit flowing to the continent, the Guardian reported Friday. Michel Barnier told MEPs that he wanted to guarantee that banks, businesses and governments from the other 27 member nations will still have access to the City of London after Britain leaves the bloc, according to unpublished minutes of the private meeting seen by the British newspaper. European leaders have eyed London's finance sector as a potential weak spot in Britain's negotiating hand, with the government desperate to defend the jewel in its economic crown and maintain cross border trade with the continent.

Europe News Headlines – Yahoo! News

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