France Warns U.K. on ‘Illusion’ of Keeping Advantages Outside EU
- Sapin speaks in Bloomberg Television interview in Japan
- G-7 discuss Brexit as key risk for financial markets
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French Finance Minister Michel Sapin warned that Britain is deluding itself if it thinks it can keep the advantages of European Union membership outside the bloc, as he said Brexit would have far-reaching consequences for both the U.K. and Europe.
"There is one thing that is very clear, very simple: it can’t be the same after as before," Sapin said in an interview for Bloomberg Television in Sendai, northern Japan. "It will have a cost for the U.K. We cannot nurture the illusion that the U.K. outside the EU will have the same advantages. It will lose a certain number of advantages.”