Pierre Gramegna gives a live interview to Bloomberg Television in Paris on 1 June 2016
Britain’s upcoming poll on potentially exiting the EU is causing “uncertainty” for investors which is “hindering growth”, Luxembourg’s finance minister has said in an international TV interview.
“It’s already a bit obvious that some decision on investments have been postponed”, Pierre Gramegna told Bloomberg Television this week. “I really hope that the ‘Remain’ campaign will win”.
Asked if a Brexit would be good for Luxembourg’s financial sector, he replied: “some people tend to say so”, but the UK leaving the union would only produce “very short term benefits” for the Grand Duchy. “We’d better have it inside the EU than outside”, Gramenga said. Luxembourg and London are “more complementary than competitors”, he added.
Later the minister said that he was “totally optimistic on Greece”. Referring to last week’s fiscal deal between EU bodies and Athens, “there should be no talk any more about Grexit because it doesn’t make sense anymore”, he stated on Wednesday.
Gramegna gave the live TV interview on the sidelines of a conference for government ministers on boosting economic growth organised by the OECD thinktank in Paris on 1 and 2 June.
Bloomberg has said its business-oriented TV channel reaches “310 million homes worldwide”.