Former Italian Prime Minister Enrico Letta said Italy would support moving Europe’s financial centre away from London if Britain left the bloc, while France’s Noëlle Lenoir, a former minister of European Affairs, said the opportunity to move the EU’s financial hub to a Eurozone country “could be a blessing”… in the debate hosted by think tank Open Europe.

Our Experts

  • Henry Newman, Director

    Henry Newman

    Director Henry joins Open Europe having worked as a special adviser in the Ministry of Justice and the Cabinet Office. He has taught politics at the School of Oriental and African Studies and elsewhere, and studied at the University of Oxford, Harvard University, and the London School of Economics. See Articles
  • Stephen Booth, Director of Policy and Research

    Stephen Booth

    Director of Policy and Research Stephen is Director of Policy and Research at Open Europe. While at Open Europe he has written on EU regulation, justice and home affairs and EU aid policy. Stephen holds an undergraduate degree in political science and was awarded the Jean Monnet Prize for his master's degree in European studies from the University of Sussex. Stephen's professional interests include democracy and transparency in the EU, the interaction between domestic and EU law and European cooperation in crime and policing. He is half Dutch.
 See Articles
  • Pieter Cleppe, Head of Brussels Office

    Pieter Cleppe

    Head of Brussels Office Pieter is the Head of the Brussels office of Open Europe (Open Europe Brussels VZW). He is a frequent contributor to the broadcast and print media across Europe, frequently discussing EU reform, the refugee crisis and the eurocrisis. A trained lawyer, Pieter previously practiced law in Belgium, and has worked as a cabinet advisor and speechwriter to the Belgian State Secretary for Administrative Reform. Pieter also previously worked as an analyst at the Belgium’s Itinera Institute, which he helped to found. He received his legal training at the Catholic University of Leuven, and also studied law and economics at the universities of Hamburg, Bologna and Vienna. Pieter is fluent in Dutch, English and French. He also speaks German and intermediate Italian. See Articles
  • Aarti Shankar, Policy Analyst

    Aarti Shankar

    Policy Analyst Aarti joined Open Europe after working as a researcher in public affairs. She holds a masters in European Public Policy from UCL, with a focus on crisis policy learning within the European Union. She also holds an undergraduate degree in French and English Literature from Durham University, and was awarded the university's 2015 combined honours research prize. She speaks fluent French. See Articles
  • Leopold Traugott, Policy Analyst

    Leopold Traugott

    Policy Analyst Leopold joined Open Europe after working in think tanks in Brussels and London. He holds a masters in Global Politics from the London School of Economics, with a focus on Russian influence in Europe, as well as migration and emerging socio-political divides across the continent. He previously read European Studies from Maastricht University. Leopold is fluent in German, English and French, and speaks some Spanish and Dutch. See Articles
  • Marta Vokshi, Communications and Fundraising Officer

    Marta Vokshi

    Communications and Fundraising Officer See Articles
  • Enea Desideri, Research Analyst

    Enea Desideri

    Research Analyst Enea holds a masters in European studies from the London School of Economics, having previously studied International Relations at the University of Bath, where he won the university’s 2015 prize for the best performance in a Politics programme. He joined Open Europe after working for the International Business team of the London Chamber of Commerce. Enea is fluent in Italian and English. He speaks Spanish and basic French. See Articles
  • Hugo Stratton, Intern

    Hugo Stratton

    Intern Hugo graduated with an undergraduate degree in International Relations. He has recently completed a master's degree in European Union Politics at the LSE. See Articles
  • Anna Nadibaidze, Intern

    Anna Nadibaidze

    Intern See Articles

Need to know facts

Financial 25%
Insurance & Pension 4%
Other business services 26%
Travel 16%
Transport 12%
Other 17%

UK services exports to the EU (2015) - total £88.9bn

In 2015, the UK’s surplus in services with the EU was £20.9bn, largely driven by the £19.1bn surplus in financial services and £3.6bn in insurance services. In terms of services exports to the EU, financial services accounted for 25% of exports, while insurance accounted for a further 4%.Source: ONS Pink Book
UK $873.36bn
France $24bn
Germany $68bn
Other $626bn

Average daily foreign exchange turnover in euros (total $1,591bn)

The UK is currently a significant centre for euro foreign exchange trading, accounting for around 55% of euro-denominated daily foreign exchange turnover. However will the UK be able to keep euro clearing following Brexit?Source: BIS

We use cookies. Accept | Cookies Policy