London loses EU agencies to Paris and Amsterdam in Brexit relocation

The Guardian reports: London is losing the European Medicines Agency to Amsterdam and the European Banking Authority to Paris, in one of the first concrete signs of Brexit as the UK prepares to leave the European Union.

The two cities won the agencies after tie breaks that saw the winner selected by drawing lots from a large goldfish-style bowl.

The Dutch capital beat Milan in the lucky dip after three rounds of Eurovision-style voting on Monday had resulted in a dead heat.

Paris won the race to take the European Banking Authority from London, beating Dublin in the final, after the favourite Frankfurt was knocked out in the second round.

The EU’s 27 European affairs ministers, minus the UK, took less than three hours to decide the new home of the medicines agency, which employs 900 people in Canary Wharf, London. The decision on the banking authority, which employs 150 and is also based in Canary Wharf, was made in little more than an hour. [Continue reading…]

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