Brexit Fallout Hits France

Published August 1, 2016 2:09am ET



The French have a clear vision of how want Britain’s decision to leave the EU should play out: British businesses out of the EU, French businesses into the U.K.

President Hollande and co. are eager to bar Brexiting Britain’s financial sector from doing business in the EU so that French firms that could not compete with London’s massive competitive advantages can fill the gap. And they are delighted that Jean-Claude Juncker, president of the executive arm of the EU, has appointed Michael Barnier to be the lead EU negotiator of the terms of Brexit. Barnier is a eurocrat the most hostile to and loathed by Britain’s financial sector. À bas les rostbifs.

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