Luxembourg

London's City will disperse post-Brexit: Dijsselbloem

Financial activities that today are clustered in London will migrate to other European countries post-Brexit, but there will be no single hub to replace the City, senior EU figure Jeroen Dijsselbloem said.

10.12.2016

(AFP) - Financial activities that today are clustered in London will migrate to other European countries post-Brexit, but there will be no single hub to replace the City, senior EU figure Jeroen Dijsselbloem said.

"I expect there will be a lot of movement," Dijsselbloem -- Dutch finance minister and president of the group of 19 countries that share the euro -- told the Financieele Dagblad daily in an interview published Saturday.