Luxembourg’s ‘provocative’ Brexit solution for financial services
By Will Grahame-Clarke, 1 Nov 17
In a speech examining the impact of Brexit on European Financial Centres Luxembourg finance minister Pierre Gramegna says the UK has five Brexit options to choose from.
The Canadian Model
Gramegna could not disguise his admiration for the recent EU – Canadian free trade agreement, which he thinks could offer some routes for UK – EU negotiations.
While Canada has no passporting rights it does go beyond traditional agreements by binding both sides to certain standards.
“It is probably not comprehensive enough but it does introduce routes if no other solutions are found,” he said.
Tags: Brexit | Luxembourg
