Bulletin n. 2/2016 | ||
December 2016 | ||
Lannoo Karel |
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EU Financial Market Access After Brexit | ||
in Intereconomics , Volume 51, Issue 5, September 2016 , 2016 , Pages 255-260 | ||
Brexit means Brexit, or out means out — and that includes the UK’s exit from the single financial market. With financial services accounting for about eight per cent of the country’s GDP, it is understandable why the UK attaches immense importance to retaining access to the EU’s single market. But putting a mutually acceptable regime in place will take years of negotiations, and the final agreement will clearly allow much less access than UK-licensed firms enjoy today. | ||