EU Brexit chief sees special care for financial service ties

[WorldNews]

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By Alastair Macdonald BRUSSELS (Reuters) - The European Union's Brexit negotiator Michel Barnier said on Saturday that the EU will demand "special vigilance" before letting British financial firms access the bloc because of the large risk London could pose to the EU's financial stability. Responding to a report in the Guardian which said he had told EU lawmakers that he wanted a special deal to maintain EU firms' access to the City of London, Barnier tweeted: "When asked on equivalence I said: EU would need special vigilance on financial stability risk, not special deal to access the City." An EU spokesman said the Guardian report did "not correctly reflect" Barnier's comments to a closed door meeting with members of the European Parliament last week.

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