Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

New French Europe minister: Brexit deal possible but not 'at any price'

Published 07/29/2020, 03:04 AM
Updated 07/29/2020, 04:25 AM
© Reuters. French President Emmanuel Macron's European Affairs advisor Clement Beaune leaves the Elysee palace in Paris

PARIS (Reuters) - France will continue to take a tough line on defending the rights of French fishermen in Brexit talks but a deal with the United Kingdom is still possible, France's new European affairs minister Clement Beaune said on Wednesday.

"We will not accept a deal at any price," he told France Inter radio in his first public comments on Brexit since his appointment on Sunday. "Better no deal at all than a bad deal," he said while adding that a deal was nevertheless the best outcome for all concerned.

Britain and the European Union clashed last week over the chances of securing a free trade agreement, with Brussels deeming it "unlikely" but London holding out hope one could be reached in September.

France is one of the coastal states that has pushed hardest for EU fishermen to keep the right to fish in British waters after a transition period ends at the end of this year.

Before becoming Europe minister, Beaune served as President Emmanuel Macron's Europe adviser. A self-described anglophile, he has advised Macron on Brexit negotiations since the 2016 referendum.

He said France would be "intransigent" on fishing, and will not be "intimidated" by Britain in the negotiation "game".

© Reuters. French President Emmanuel Macron's European Affairs advisor Clement Beaune leaves the Elysee palace in Paris

"Let's not kid ourselves, if there is no deal, it will be a difficult issue," he added. "We'll have to organise a response for sectors like fisheries. Support our fishermen financially. We're not there yet."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.