EU leaders agree plan for moving agencies post-Brexit | Reuters

EU leaders agree plan for moving agencies post-Brexit | Reuters Reuters BRUSSELS European Union leaders plan to decide in October where to house two London-based agencies for banking and medicine that must be relocated as a result of Britain's decision to leave the bloc.More than 20 of the remaining 27 EU states have expressed interest in hosting the European Banking Authority (EBA) and the European Medicines Agency (EMA), which together employ more than 1,000 people.But until Thursday, they had been unable to agree how to choose new sites for the coveted bodies, with Italy, Spain and the Netherlands holding out. Under the agreed procedure, countries will have until the end of July to submit their candidate cities, which will then be assessed by the bloc's executive European Commission by September. EU leaders will next discuss the matter when they meet for a summit in Brussels in October. The post EU leaders agree plan for moving agencies post-Brexit | Reuters appeared first on Firstpost. 1