The United Kingdom exited the European Union following the referendum of June 23rd, 2016. Since then, a withdrawal agreement has been found, and the UK finally left Europe on February 1st 2020. The Brexit has impacted several European countries, including France, which will have to face serious economic challenges. But spirits are high and the country is confident it can overcome them.
“We want Paris to become Europe’s new number one financial hub after Brexit”, Prime Minister Edouard Philippe said on Tuesday while international bankers said they wanted to see if such pro-business reforms would stick over time. Eager to attract banking jobs leaving London, Philippe promised to reduce costs to boost the competitiveness of finance companies.
