EU Will Need London Financial Services, Merkel Lawmaker Says
- Brexit deal should lock in ‘new form’ of access: Friedrich
- Need to accept that London is simply better in some areas
A bus passes the Houses of Parliament and Elizabeth Tower, also known as 'Big Ben', in London, U.K., on Thursday, March 2, 2017.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
The U.K. and the European Union need to look at innovative solutions to maintain access to financial services in London after Brexit, according to a senior lawmaker in German Chancellor Angela Merkel’s governing coalition.
“There are services that you have to leave in London simply because London is better at them,” Hans-Peter Friedrich, head of the Brexit working group in Merkel’s Christian Democrat-led caucus in Berlin, said in a Bloomberg Television interview. “We have to find ways to make these services available to the EU, too. Hence, we need a matter-of-fact discussion.”