Germany and France favourites to house London-based EU agencies post-Brexit
The 27 European Union nations that will still be part of the bloc when Britain pulls out plan to decide in November where the EU agencies now based in London will be relocated.
European Council president Donald Tusk laid out the timetable during a summit of EU nation leaders on Thursday.
Because Britain is set to leave the EU in 2019, the medicines and banking agencies will have to move from London to elsewhere on the continent.
Almost every EU nation wants one of the two agencies and on Thursday the leaders agreed on procedures for a fair pick.
Germany and France are favourites to get one of the agencies.