BRUSSELS/LONDON - Britain wants binding commitments from the European Union on financial market access to avoid the country’s finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.
Brussels grants market access to any “third country” if it deems its rules are equivalent or as robust as those in the EU. “They want an in-built consultation process so that unilateral revoking of any licences would not be as easy as it is for third countries currently,” the person said. The EU says granting and revoking equivalence is a unilateral decision and some EU lawmakers want to toughen up the process by adding a monitoring system.
What part of 'no cherry-picking' did Brexiters NOT understand? We are a service-based economy, not so much a manufacturing economy these days & globally this is an area we'd struggle to sell. The BEST deal was always EU membership. The 'easiest deal in history' eh?BrexitLies
lmao; giving tax dodgers power has repercussions, and can kill off your finance industry
So if I get this right, UK has said it *wants* equivalence, not passporting, but now realises that equivalence gives the EU the exclusive right to decide whether UK should get access to the single market or not? and isn't happy? That's a massive cockup.
And why should we expect it?
ActivistKelly It's rich expecting the EU to trust us to maintain equivalence when the trigger for Brexit was a desire for non-equivalence on tax-evasion.
Don't give in Eu
Didn’t see this coming a mile off:
The world has lost the most important photographer in Yemen. He was a freelance journalist who did not accept bribery. He was killed by the terrorist Brotherhood_party نبيل_القعيطي نبيل_القعيطي_شهيد_الحقيقة نبيل_القعيطي_في_ذمة_الله اغتيال_نبيل_القعيطي abelquaety
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