French President Francois Hollande warned that Britain would lose access to the EU`s single market, and the City of London would no longer be able to act as a clearing house in euros, if the UK stopped free movement of workers from Europe, Reuters reports.
After British Prime Minister David Cameron reported to an EU summit on last week`s referendum vote to leave the European Union, Hollande said single market access depended on accepting the so-called four freedoms of movement of goods, capital, labor and services, Reuters wrote.
”If they don`t want free movement, they won`t have access to the internal market,” he told a news conference.
Earlier, Hollande said that France and Germany should ”take the initiative” after British voters decided their country should quit the EU.
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