Statement on the agreement between the EU and Great Britain

The European Union and the United Kingdom have agreed on a Brexit extension until January 31st, 2020.

Hubertus Väth, Managing Director of the Financial Centre initiative Frankfurt Main Finance, says:

“Frankfurt Main Finance welcomes the European Union’s decision to agree to an extension of the United Kingdom’s withdrawal from the EU. The chances of an unregulated Brexit to occur are now considerably reduced after the approval of the current agreement. We understand this to be a victory of reason.”