EU Brexit negotiator warns of risk to financial stability

British and especially international finance houses currently have full access to the European Union's single market by virture of being based in Britain as a member stateThe European Union's chief Brexit negotiator warned Saturday the bloc must be aware of the risk to financial stability during what are expected to be very tough talks with Britain. Earlier, the Guardian newspaper reported that the negotiator, Michel Barnier, had told colleagues the EU would have to strike a "special" deal with Britain's hugely important finance sector to keep credit flowing in Europe. In a tweeted message, Barnier said however he had not been talking about an arrangement with the City of London, one of the world's most important financial markets.

Read more from source:“Yahoo”

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