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EU warns UK against any 'illusion' over financial services in trade talks

"There must be no illusion on this issue: there will be no general, global or permanent equivalence on financial se
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By AFP
  • "There must be no illusion on this issue: there will be no general, global or permanent equivalence on financial services".
  • The EU's chief negotiator Michel Barnier on Tuesday warned Britain against any unrealistic expectations for its prized financial services sector during post-Brexit trade talks with Europe.

STRASBOURG: The EU's chief negotiator Michel Barnier on Tuesday warned Britain against any unrealistic expectations for its prized financial services sector during post-Brexit trade talks with Europe.

"There must be no illusion on this issue: there will be no general, global or permanent equivalence on financial services", Barnier told MEPs during a plenary session of European Parliament in the eastern French city of Strasbourg.

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