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Free AccessMNI: EMA Warns Of Poss "Public Health Crisis" After Relocation
--Agency Forced To Move Post-Brexit Fears It May Not Function
--Some Cities Face Below 30% Staff Retention If Chosen
By Tara Oakes
BRUSSELS (MNI) - The biggest of the two agencies forced to relocate from
London due to Brexit published a stark warning Tuesday that the health of EU
citizens will be at risk if certain candidate countries are chosen.
A survey of staff indicated that less than 30% staff at the European
Medicines Agency would consider staying on if the wrong city were chosen. 8 of
the 19 candidate cities would retain so few qualified staff that it would result
in a "public health crisis", the results of the survey said. Just over 90% of
the around 900 staff responded.
Risks are stark, according to the EMA, including "unravelling of the EU
single market for medicines" and a shortage of medicines available. The damage
to the system, they argue, would be "permanent".
Even the best of the group -- 5 candidate cities -- would only manage
between 65-81% staff retention and would need between 2-3 years for a "full
recovery", according to the EMA.
The EMA refused to confirm which cities were the top picks and which posed
the real public health risks. The European Commission is in the process of
assessing the bids of candidate countries and will present its findings on
September 30.
"President Juncker has always stressed that we are talking about human
beings, not chess figures, and therefore the human dimension is one of the most
important ones in the relocation decision," the EC told MNI after the EMA's
survey was published.
The cities bidding to host the EMA are Amsterdam, Athens, Barcelona, Bonn,
Bratislava, Brussels, Bucharest, Copenhagen, Dublin, Helsinki, Lille, Malta,
Milan, Porto, Sofia, Stockholm, Vienna, Warsaw and Zagreb.
The EMA is being forced to relocate as an EU agency based in London when
the UK becomes a third country. The smaller European Banking Authority will also
be relocated.
After the EC's assessment, the ultimate decision on where to relocate is up
to the EU27 ministers at the General Affairs Council (Article 50) of November
2017.
--MNI Brussels Bureau; +44 203-865-3851; email: tara.oakes@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$B$$$,M$E$$$,M$X$$$,MI$$$$,MGB$$$,MGX$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.