BERLIN, April 6 Britain and the remaining 27
members of the European Union should stay away from the 'cliff
edge' of Britain falling back on World Trade Organisation terms
of trade at the end of Brexit negotiations, Eurogroup chairman
Jeroen Dijsselbloem said.
"Let's try to minimise the damage," he said of Brexit,
speaking at a banking conference in Berlin on Thursday.
Dijsselbloem, who said he would discuss Greece with German
Finance Minister Wolfgang Schaeuble while in Berlin, said the
more he thought about Brexit, the more worried he became. He
singled out financial stability as one area of particular risk.
Asked about "passporting" rights for Britain-based
institutions to sell financial services in the EU single market
after Brexit, Dijsselbloem replied: "I think, also talking to
financial players from the City, that passporting won't be the
answer. There will be different regimes for different
sub-sectors of the financial sector."
(Writing by Paul Carrel)