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France's Le Maire Slams Idea of a Positive Brexit Deal for U.K.

  • Finance minister says it must be better to be in the EU
  • Says euro area doesn’t have the tools to face new crisis
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How to Trade the Pound Amid Brexit Uncertainty

French Finance Minister Bruno Le Maire said it would be “suicidal” to grant the U.K. a Brexit deal that seems better than remaining in the European Union, reinforcing the position that saw the bloc’s leaders reject Theresa May’s latest withdrawal proposal.

He said the so-called Chequers plan, proposed by British Prime Minister Theresa May, would have given Britain advantages that are “unacceptable.” He also urged euro-area governments to focus their energies on dealing with the euro’s vulnerabilities.