You are here: Home » International » News » Others
Business Standard

Brexit: EU declines to rank rival bids for agencies leaving Britain

Final say on where to move the agencies rests with EU leaders who will try to reach a deal at their next summit in three weeks' time

Reuters  |  Brussels 

The European Commission has shied away from ranking which cities should host Europe's drugs regulator and banking authority after Brexit, saying the decision is up to the 27 member states which will remain. The EU executive said its assessment, published on Saturday, was wholly based on the information provided by governments in their bidding war to host the two agencies, which will be forced to relocate from Britain when it leaves the bloc. "It (the assessment) respects the member states' decision that the criteria should be unweighted and does not provide a ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sun, October 01 2017. 10:10 IST