U.K. Banks to Lose EU Access After Brexit, Merkel Ally Says

  • EU passporting rules ‘not negotiable,’ CDU lawmaker says
  • Negotiating new framework won’t be easy game, Fuchs says

EU Disharmony Behind Merkel, Renzi, Hollande Unity

The European Union won’t bend its rules to preserve access for the City of London once Britain leaves the bloc, according to German lawmaker Michael Fuchs, an ally of Chancellor Angela Merkel.

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