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Economy News |
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EU Hardens Brexit Position on Financial Services, Citizens
26-Apr-2017
European Union governments further toughened their position on Brexit, as they added limits on financial services and explicit demands on citizens’ residency rights to their negotiating plan with the U.K.At a meeting on Monday in Brussels that kicked off a week of talks among the EU’s 27 other states, diplomats approved French requests to ring-fence financial services from a future trade agreement, and strengthened the language in draft negotiating guidelines on European residents in Britain and the amount the U.K. owes the bloc.In the latest draft, financial services were split off from wording on the trade deal, with diplomats inserting a new paragraph stating that “any future framework should safeguard financial stability in the Union and respect its regulatory and supervisory standards regime and application,” according to the document obtained by Bloomberg News.
News Source:- https://www.bloomberg.com/politics/articles/2017-04-24/eu-toughens-brexit-position-again-with-citizens-rights-demand
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