(Reuters) France will set up a special court to handle English-law cases for financial contracts after Britain leaves the European Union, Finance Minister Bruno Le Maire said on Thursday as Paris steps up its charm offensive to attract banks.
In a roadshow in New York where he was meeting Wall Street banks, Le Maire, a conservative poached by new President Emmanuel Macron, said France no longer considered finance an enemy, in a dig to his Socialist predecessor. “Finance is not the enemy, unemployment is the enemy,” Le Maire said, referring to former president Francois Hollande who swept to power in 2012 declaring finance his enemy and imposing a now-defunct tax on millionaires.
