The government wants the Paris takes full Brexit – The Obs

by Michel Rose

AIX-EN-PROVENCE, Bouches-du-Rhône (Reuters) – The government and the financial institutions in France have declared Saturday confident that the Paris could benefit from exit progammée UK EU if incentives are given

“for large international companies I say then, ‘Welcome in Paris ?! Come invest in France ?!”., says Prime Minister Manuel Valls in an interview published Saturday in Le Parisien, 10 days after the British referendum.

“We know that groups based in the City are planning to leave for Dublin, Amsterdam, Frankfurt and paris “, he added. “We are working on devices that could help strengthen our attractiveness. I think of taxation or the status of expatriates.”

In an interview published Thursday in Les Echos, François Hollande already announced its desire to adapt the rules to make the Paris “more attractive”.

for the French president, the UK will lose the European “passport” for financial institutions if they refuse the rules of free circulation and euro clearing operations will no longer be in London after Brexit, and will therefore go to Paris.

Stéphane Boujnah, CEO of Euronext, said Saturday that the operators would work on the basis that London will lose the European passport, which allows the City to have access to the single market without having to negotiate agreements with each of the 27 other countries.

“I think it will be several winners across Europe, large places like Amsterdam, like Paris “, he explained at the Rencontres Economiques d’Aix-en-Provence.

” I’m not that we must destroy what exists in London, I am saying that the nations also commit suicide and that if people in London have decided to be less effective, less efficient, less secured the European project, we n ‘will not wait for them to finish their palliative care in the City of London, “he said.

” PARIS iS gOING tO WIN “

” we have to we organized to precisely deliver appropriate services in the euro area “, he concluded by saying that” the European platforms exist and [that] as a platform Euronext has demonstrated its profitability. “

for Marie-Anne Barbat-Layani, Director General of the French banking Federation (FBF), “Paris will win” because of well-trained young who are “one of the main strengths of the Paris” and the size of . French banks “the central question is that of the European passport: those who have one foot in London today to radiate throughout the European Union will need to have a second walk somewhere, so long as to make try to make this second leg is in Paris “, she said.

” We have to act. It started. Local authorities are mobilized. The state also and I hope it will be a little more. There is a fundamental activity that will become more multipolar, try to not be too silly, and make it home. “

If financial institutions regard the Brexit an opportunity, the industrial, themselves, demonstrate concern.

for the CEO of Renault-Nissan, Carlos Ghosn, “the depreciation of the pound, this is bad news” for manufacturers without factories on site such as Renault, but Nissan offers the UK a very large assembly unit.

“the concern is due to the fact that there is uncertainty because nobody is able to tell [s' they] actually came out, how long it will last, and especially what the new status that England will have, “he said at the economic meeting of Aix-en-Provence.

Even tone in Patrick Pouyanné, Total’s CEO.

“This is one more element of instability and uncertainty. We are in a world that faces lots of difficulties, geopolitical, was Daech, Ukraine, the repeated financial crises, we add the Brexit “said he said.

” the only message I would like to spend it: you have to go fast, “said he concluded

(Edited by Yves Clarisse)

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