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UK-EU MoU could end mutual lack of trust, rebuild bridges

EU president Ursula von der Leyen and UK PM Rishi Sunak - Wikimedia Commons/Number 10
A Memorandum of Understanding on financial services agreed between the EU and the UK, published on 19 May, could elevate the tone of the discussions and lead to a more productive relationship. “It's a very encouraging confirmation that the relations between the EU and the UK are warming up,” said Nicolas Mackel, the CEO of Luxembourg for Finance, the public-private Luxembourg agency for the development of the financial sector.

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