Spain wants City of London if UK bankers 'Brexiled'
Monday, July 4, 2016 @ 8:31 PM
SPAIN is hoping to be the new venue for the 'City of London' post-Brexit if top financial firms decide to quit the British capital and set up in Europe.
Caretaking vice-president Soraya Sáenz de Santamaría is heading up a taskforce aiming to offer City institutions a new base within the European Union, in Spain - although it is not clear yet which Spanish metropolis they would be encouraged to set up in.
Sáenz de Santamaría and her team are working on convincing the European Banking Authority (EBA) and the European Medication Agency (EMA) - both of which are currently in London - to shift to Spain, a move that would make the Mediterranean country more competitive.
Barcelona and Málaga are eager to house the EMA, whilst the European Banking Authority is thought to have its sights set on Frankfurt, Paris, Milan or Madrid.
Read more at thinkSPAIN.com