Ireland applies to host European Banking Authority after Brexit

BRUSSELS | No less than 23 cities were candidates to host the two european agencies, which will leave London following a Brexit, with the key economic benefits of promising.Another 19 applications were submitted to host the European Medicines Agency (EMA), which oversees medicines across the member bloc.The banking and medicines agencies are seen as the first spoils of Brexit by the 27 remaining members of the EU.In the running to host the EMA are: Amsterdam, Athens, Barcelona, Bonn, Bratislava, Brussels, Bucharest, Copenhagen, Dublin, Helsinki, Lille, Milan, Porto, Sofia, Stockholm, Malta, Vienna, Warsaw, Zagreb.If any one gets three points from 14 or more members then it automatically wins – otherwise there is a second round for the top three candidate cities but with each country only getting one vote each. Newer, eastern members will argue that they should be prioritised as they have fewer European Union bodies than the older European Union states in the west.The EBA and EMA are based in London’s Canary Wharf worldwide business hub and employ around 1,000 staff between them.She also moved to London, the EBA, established in 2011, is known for the stress tests that it conducts on the european banks. “This includes 40,000 hotel stays for visitors each year”, the BBC article noted. Nineteen countries have reportedly expressed their interest, and Croatia is one of them.France rents in a blink of an eye his “art of living”: an aperitif on the terrace and cheese.”Luxembourg has not positioned itself as vultures circling round the Tower of London waiting for all those jobs to fly out our way”, Luxembourg’s ambassador George Friden told reporters in Brussels. If a simple majority of 14 is not reached, two additional knockout rounds of voting will take place.Should there still be no clear victor, there will be a third and final knock-out round between the two final candidates.Eurocrats will announce which city has won later this year after leaders vote in a process which has been compared to Eurovision.