The finance minister of Luxembourg has called on the EU to “be creative” and offer a unique deal that will protect financial services in Britain and on the Continent, ahead of a crunch meeting of European leaders this week. “We should look at thinking in new categories and be creative . in the new relationship,” Pierre Gramegna told The Sunday Times. “Maybe we are stuck too much in precedent.”He warned that despite European cities, including Paris and Frankfurt, battling to attract business from London, a bad Brexit deal would make it increasingly likely that companies will “repatriate” activities to centres outside the EU, such as New York, Singapore and Hong Kong. “Some of the financial centres outside the EU are very actively…

Source: The Times March 18, 2018 00:04 UTC