Flags of Great Britain and the European Union are seen ahead of the meeting of European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson, in Brussels, Belgium December 9, 2020. Olivier Hoslet/Pool via REUTERS

A French move to delay a European Union financial services deal with Britain over fishing access is another example of the bloc issuing threats at any sign of difficulty, a spokesman for Prime Minister Boris Johnson said on Thursday.

Paris has said it will delay the financial services deal until Johnson grants EU fishermen fair access to British waters, a source familiar with the French move said on Wednesday. read more

Since Britain completed its exit from the EU last year, relations between the two sides have soured, with both sides accusing the other of acting in bad faith over fishing and trade with Northern Ireland just months after signed a trade deal.

The post-Brexit dispute over access to the UK’s rich fishing grounds last week saw France and Britain send patrol vessels to the Channel island of Jersey as French trawlers protested there.

“We’re taking a consistent, evidence-based approach to licensing EU vessels using information supplied by the European Commission. This is another example of the EU issuing threats at any sign of difficulties instead of using the mechanisms of our new treaty to solve problems,” he told reporters.

“We have always been clear that an agreement on financial services is in the best interest of both sides.”

Britain’s huge financial services sector was largely cut off from the EU, its biggest export customer, on Dec.31 when the UK completed its departure from the bloc.

Britain and the EU have agreed in principle on a memorandum of understanding on cooperation between financial regulators, but it has yet to be formally ratified by the bloc’s 27 member countries, including France.

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/world/yet-another-eu-threat-says-uk-pms-spokesman-over-french-financial-services-move-2021-05-13/

You May Also Like

EU ready to help restore democracy to Myanmar – high representative

The European Union is ready to offer its support to all parties…

Spanish study finds AstraZeneca vaccine followed by Pfizer dose is safe and effective

A Spanish study on mixing COVID-19 vaccines has found that giving a dose of Pfizer’s (PFE.N) drug to people who already received a first shot of AstraZeneca (AZN.L) vaccine is highly safe and effective, preliminary results showed on Tuesday.

Aon, Willis halt $30 bln merger over monopoly concerns, delay

Aon Plc (AON.N) and Willis Towers Watson Plc on Monday called off a $30 billion merger that would have created the world’s largest insurance broker, saying U.S. regulators’ objections created unacceptable delay and uncertainty.