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Brexit – Germany will also receive EU banking and the pharmaceutical agency  

Brexit – Germany will also receive EU banking and the pharmaceutical agency

     Germany will also receive the European Banking Authority (EBA) and the European Medicines Agency (EMA) leaving London on the abolition of British membership (Brexit), the German government spokesman announced on Monday in Berlin.

    Steffen Seibert said that Frankfurt could be a new home for assessing the EU’s single financial market, a banking system that could be used to identify weaknesses in the financial system, and that it could be the home of a new home, a drug agency responsible for endorsing medicines that could be marketed in the EU and could move to Bonn from the British capital.
    The procedure for the selection of new seats can be agreed at the EU Summit in June, he added.
    Answering the question, he said he did not know which Member States are applying for EBA and EMA next to Germany.
    So far, it was only known that the German government would move the EBA to Germany. Chancellor Angela Merkel said in a speech to economic leaders that, due to the important role of Frankfurt in the international financial system, he was “predestined” to be the headquarters of the EBA.
    Earlier, the Hungarian and Spanish governments also indicated that they would accept the two EU institutions.
Source: MTI

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