Macron Spoke Out Against “Differentiated Financial Services Access” for London after Brexit

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French President Emmanuel Macron rejected the offer for a special agreement with the City, the international financial center of London, insisting on the fact that Britain will not get full access to the EU markets, including financial services, until it makes a monetary contribution to the EU budget and will accept its rules.

Macron announced his tough decision on Thursday at the end of a joint press conference with Teresa May at the military academy of Sandhurst.

Financial services are one of the most important sectors in which France hopes to increase its share after the UK’s withdrawal from the EU. Note that the City is worried about new commercial barriers, including the loss of so-called ‘passport rights’ that allow them to function throughout the EU.