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French business stresses need for speed on implementing Brexit (Financial Times)

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French business stresses need for speed on implementing Brexit (Financial Times)

Post by Admin on Sun Jul 03, 2016 12:40 pm

Corporate leaders call on the UK to adopt a quick and clear action plan

Leading business figures in France have urged Britain to come up with a quick and clear road map following its decision to leave the EU, insisting that further delay will only cause greater economic harm.

“There is no way not to apply the decision,” said Antoine Frérot, chief executive of Veolia, the water and waste management group. “To try to fight against this decision of the population by going very slowly is not an option. I think it would be better to be more clear.”

Speaking on the sidelines of an annual business forum in Aix-en-Provence, Mr Frérot insisted on the need for speed even though he acknowledged that Brexit stood to leave Europe weaker in an increasingly globalised world.

“Being less strong will have economic consequences in the long term because a weaker population will have an impact on the capacity to compete with the North American economy, the Chinese economy and the Asian economies.” He said that those negative consequences would likely emerge over the next five to 10 years...............

To read further go to this link:  Financial Times

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