France, Germany deny reports they ’ ll split EU regulatory agencies

France and Germany this week dismissed rumors that they would split the EU banking and medicines agencies between the 2 countries as the groups are relocated out of London due to the Brexit. Rumors emerged from the German Magazine WirtschaftsWoche this week that the countries, being the 2 largest in the EU, would split the agencies, with the EBA going to Frankfurt and the EMA to Lille. The agencies’ relocation will instead be decided by a vote from European union leaders this fall. With the vote, countries will have until the end of July to submit candidate cities, which will be assessed by the executive European Commission by September. Many of the remaining 27 EU states have expressed some interest in hosting both the European Banking Authority and European Medicines Agency, who employ more than 1,000 people combined. Barcelona, Milan, Copenhagen and Dublin are among states campaigning for the EMA, which has an annual budget of $360 million. Frankfurt, Paris, Amsterdam, Vienna, Lyon and Strasbourg are vying for the EBA. The EU will attempt to reach a consensus on the matter during its next summit in Brussels in October, with a vote being held the following month. States will be given a number of votes to apportion their favorites and proceed through rounds until a winner is chosen. Criteria under consideration include infrastructure, transportation, jobs for employees families and ensuring a spread of the institutions around Europe. Material from Reuters was used in this ...
Source: Mass Device - Category: Medical Devices Authors: Tags: Healthcare Reform European Medicines Agency (EMA) Source Type: news