UK finance minister stresses London's importance to EU

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  • Dutch Finance Minister Jeroen Dijsselbloem, right, arrives for a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Dec 5, 2016. Eurozone finance ministers meet on Monday to assess the 19-member currency bloc's budgetary outlook for next year and Greece's progress on economic reforms. (AP Photo/Virginia Mayo)

    Dutch Finance Minister Jeroen Dijsselbloem, right, arrives for a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Dec 5, 2016. Eurozone finance ministers meet on Monday to assess the 19-member ... currency bloc's budgetary outlook for next year and Greece's progress on economic reforms. (AP Photo/Virginia Mayo) (The Associated Press)

  • Dutch Finance Minister Jeroen Dijsselbloem, right, arrives for a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Dec 5, 2016. Eurozone finance ministers meet on Monday to assess the 19-member currency bloc's budgetary outlook for next year and Greece's progress on economic reforms. (AP Photo/Virginia Mayo)

    Dutch Finance Minister Jeroen Dijsselbloem, right, arrives for a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Dec 5, 2016. Eurozone finance ministers meet on Monday to assess the 19-member ... currency bloc's budgetary outlook for next year and Greece's progress on economic reforms. (AP Photo/Virginia Mayo) (The Associated Press)

  • Michel Barnier, Chief Negotiator for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 of the Treaty of the European Union, speaks during a media conference at EU headquarters in Brussels on Tuesday, Dec. 6, 2016. (AP Photo/Thierry Monasse)

    Michel Barnier, Chief Negotiator for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 of the Treaty of the European Union, speaks during a media conference at EU headquarters in Brussels on Tuesday, Dec. 6, ... 2016. (AP Photo/Thierry Monasse) (The Associated Press)

Britain's finance minister says the country may continue paying into European Union coffers for access to the single market after leaving the bloc.

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In a rare appearance for the regular meeting of the EU's 28 finance ministers, Philip Hammond said Tuesday that it's in everyone's interest that Britain's exit is as "smooth a process as possible" and that it minimizes the threat to European financial stability.

Before the meeting, Hammond stressed the importance of Britain's financial services sector in London as a source of capital for European businesses.

In terms of any future contributions to particular organizations, Hammond said "we would look at what was on offer, we would look at the cost and as you do with anything we would decide if that was a good deal or not."