Amsterdam expects an economic boost after the city won the right to host one of the EU's agencies post-Brexit. As Francis Maguire reports, France also says Paris clinching the European Banking Authority (EBA) from rivals including Dublin and Frankfurt proved that France was back on the European stage.
A boost for two of Europe's most famous cities. But a blow to another.... The European Medicines Authority heading for the Dutch capital Amsterdam. And the European Banking Authority relocating to Paris after votes were counted in Brussels. Competition for the agencies was fierce and winning them was a big coup for both countries. Milan was a favourite to host the EMA but lost out when it tied with Amsterdam... and the Dutch city's lot was drawn from a fishbowl in a runoff. Amsterdam's deputy mayor said he expects an economic boost for the city when the EMA arrives in town. (SOUNDBITE) (English) AMSTERDAM DEPUTY MAYOR FOR ECONOMIC AFFAIRS, UDO KOCK, SAYING: "I think this is hugely beneficial for Amsterdam, for the Amsterdam metro region and for the entire country. These are 900 very qualified, dedicated people that will come to Amsterdam, they'll bring their families, they'll conduct business, so it's a great boost for Amsterdam and for our region The French Europe Minister said winning the EBA proves France is back in the European spotlight. (SOUNDBITE) (French) FRENCH EUROPE MINISTER, NATHALIE LOISEAU, SAYING (OVER SHOTS OF LAWMAKERS LISTENING): "The fact that the European Banking Authority will soon be in Paris serves as an aircraft carrier for the attractiveness of Paris as an economic and financial hub." Though both cities have gained a pretigious EU bodies - timing could be an issue. Both agencies must move by the end of March 2019 - the date Britain leaves the EU. Meaning pharma companies and EMA staff could face mountains of paperwork to keep medicine supplies flowing unhindered. With some fearing a bureaucratic logjam due to the ultra-tight Brexit schedule.