EU to pick post-Brexit agency winners

Brussels

The fight to host major EU regulatory agencies leaving London after Brexit reaches its climax Monday when ministers vote to choose new host cities in a perplexing process compared to the Eurovision song contest.
The 27 EU affairs ministers meeting in Brussels will decide on how to resolve one of the collateral effects of the UK divorce: finding new locations for the European Medicines Agency and the European Banking Authority, both currently located in London’s high-rise Canary Wharf district.
There is “hot bargaining” behind the scenes, a diplomatic source told AFP, as hopeful EU governments jostle to secure the backing of other countries for agencies that promise both prestige and prosperity.—APP

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