EU’s Barnier says UK banking proposals ‘unacceptable’World — The Guardian Nigeria News – Nigeria and World News


European Union’s Brexit negotiator Michel Barnier attends to a meeting with Britain’s Brexit negotiator and the Britain’s ambassador to the European Union during post-Brexit negotiations at the EU headquarters in Brussels on June 29, 2020. – The EU and Britain launch an intense five weeks of negotiations on a deal to define their post-Brexit relations on June 29, 2020, with London keen to wrap things up quickly. The new round of talks in Brussels will be the first to be held face-to-face since the coronavirus shutdown combined with the two sides’ entrenched positions to stall progress. (Photo by JOHN THYS / POOL / AFP)

The EU’s chief Brexit negotiator sharply accused London on Tuesday of seeking to preserve its position as a global financial gateway to Europe, despite its divorce from the bloc.

The City of London has been Europe’s financial hub for decades, one of the major benefits of Britain’s 47 years of EU membership that ended on January 31.

Michel Barnier,…

Source: Guardian Newspaper