Wednesday, January 17, 2018 | ePaper

France sees Brexit as tool to weaken City of London: leaked memo

  • Print
AFP, London :
France is seeking to use Brexit to weaken the City of London, the British finance sector's EU pointman warned in a leaked report published Sunday.
"They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London," Jeremy Browne, a former government minister who is now the City's Brexit envoy, said in a memo.
The leaked report, published by the Mail on Sunday tabloid, was written as a summary to ministers of a trip made by Browne to France in early July.
"The meeting with the French Central Bank was the worst I have had anywhere in the EU. They are in favour of the hardest Brexit. They want disruption," he said.
Browne acknowledged there may be political benefits to France of playing "bad cop" in the negotiations on Britain's withdrawal from the European Union, which began last month and are due to resume in Brussels on Monday.
But "we should nevertheless have our eyes open that France sees Britain and the City of London as adversaries, not partners".
This approach was not confined to a few officials, but was a "whole-of-France collective endeavour, made both more giddy and more assertive by the election of (Emmanuel) Macron" as president in May, according to Browne.
The Mail on Sunday headlined the story "Macron's Brexit Saboteurs".

More News For this Category

Dr. HBM Iqbal, Chairman of Premier Bank Limited, presiding over its Annual Business Conference at a resort in Gazipur recently. Mohammad Imran Iqbal, Vice-Chairman, BH Haroon, MP, Abdus Salam Murshedy and Shah Md Nahyan Haroon, Directors of the bank were also present.

Dr. HBM Iqbal, Chairman of Premier Bank Limited, presiding over its Annual Business Conference at a resort in Gazipur recently. Mohammad Imran Iqbal, Vice-Chairman, BH Haroon, MP, Abdus Salam Murshedy and Shah Md Nahyan Haroon, Directors of the bank were also present.

Steps to be taken to expand tourism: Minister

Economic Reporter :Civil Aviation and Tourism Minister Shahjahan Kamal on Tuesday said he will seek more allocation to take innovative projects for further flourishing tourism sector which is an untapped

NRBC Bank aims to woo investment, quality banking

NRBC Bank aims to woo investment, quality banking

Kazi Zahidul HasanĀ  :NRB Commercial (NRBC) Bank Ltd has taken steps to bring substantial amount of foreign investment mainly from expatriate Bangladeshis this year in line with the objective it

Ahsan Khan Chowdhury, Chairman and CEO of PRAN-RFL Group, poses with the participants at its Dealers' Conference at RFL Industrial Park at Kaliganj in Gazipur on Sunday. More than 2500 distributors, engaged to serve Sera, Sticky, Saudi, Comfy, Playtime, Italtech, Support and Rainbow branded products, took part at the conference. RN Paul, Managing Director of RFL Group and Kamrul Hasan, Chief Operating Officer of Rainbow Paints were also present.

Ahsan Khan Chowdhury, Chairman and CEO of PRAN-RFL Group, poses with the participants at its Dealers' Conference at RFL Industrial Park at Kaliganj in Gazipur on Sunday. More than 2500 distributors, engaged to serve Sera, Sticky, Saudi, Comfy, Playtime, Italtech, Support and Rainbow branded products, took part at the conference. RN Paul, Managing Director of RFL Group and Kamrul Hasan, Chief Operating Officer of Rainbow Paints were also present.

Sheikh Moulana Mohammad Qutubuddin, presiding over the Shariah Supervisory Committee meeting of Islami Bank Bangladesh Limited as Chairman at the banks head office in the city on Monday. Dr. Mohammad Abdus Samad, Member Secretary and other members of the committee were also present.

Sheikh Moulana Mohammad Qutubuddin, presiding over the Shariah Supervisory Committee meeting of Islami Bank Bangladesh Limited as Chairman at the banks head office in the city on Monday. Dr. Mohammad Abdus Samad, Member Secretary and other members of the committee were also present.

Samsung Mobile (BD) announces 'Twin Win' offer

Business Desk :Samsung Mobile Bangladesh has recently announced 'Samsung Twin Win' Offer for the Galaxy J series smartphone lovers. With the purchase of Samsung Galaxy J2, J2 Prime, J2 Pro,

Govt to construct godowns with 10,000 tonnes capacity of food grains: Tofail

Economic Reporter :Commerce Minister Tofail Ahmed on Monday said the government has undertaken a plan to construct godowns having capacity of 10,000 tonnes food grains for Chittagong, Rangpur and Molvibazar

Regional SME fair begins in Rajshahi

Rajshahi, Correspondent :A weeklong 'Regional SME Products Fair 2018' began here yesterday afternoon with the main thrust of promoting local SME sector, enhance production of quality SME products, exhibition and

14 projects worth Tk 18,483cr okayed

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved 14 projects involving an overall cost of Tk 18,483 crore.The approval came from the Ecnec meeting held at

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, poses with the participants of the 28th Foundation Course at its Training Institute in the city recently. Senior officials of the bank were present.

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, poses with the participants of the 28th Foundation Course at its Training Institute in the city recently. Senior officials of the bank were present.