We Need Clarity on Brexit, Says Paris Europlace's Mestrallet

The transcript discusses the challenges and uncertainties surrounding Brexit, particularly the negotiations between the UK and the EU. It highlights the impact on financial institutions, with many considering relocating from London to Paris due to the lack of clarity. The discussion also covers France's economic competitiveness, emphasizing tax reforms and business-friendly policies. Additionally, the cultural impact of sports events on national confidence is briefly mentioned.

What is the current stance of the EU regarding Brexit negotiations?

• They have decided to extend the deadline.

• They believe the four freedoms are indivisible.

• They are optimistic about reaching an agreement.

• They are willing to compromise on key issues.

Why are financial institutions considering relocating from London?

• To expand their operations globally.

• Due to the high cost of living in London.

• Because of the uncertainties surrounding Brexit.

• To take advantage of better weather in Europe.

How many direct jobs are expected to be transferred from London to Paris?

• 30,000

• 3,500

• 10,000

• 20,000

What measures has the French government taken to attract jobs?

• Restricted foreign investments.

• Implemented a flat tax and exempted certain taxes.

• Reduced working hours.

• Increased corporate taxes.

What recent event is expected to boost France's economic confidence?

• Winning a major sports event.

• A new trade agreement with the EU.

• A significant drop in unemployment rates.

• A surge in foreign investments.