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they can try, but financial services have always been in London and I don't see why this would change just because the EU is finally showing its bully side.
It's nothing to do with bullying, just a consequence of your decision to leave. It's like saying the golf club is bullying you when it won't let you play on their course any longer after you decided to quit being a member.
Stop being such a snowflake, you made a decision, that decision has consequences, crying about being bullied isn't going to change that.
If there is no equivalence status then UK based financial service providers will find themselves locked out of much business on the continent, they will have to move those operations to within the EU.
If there is no equivalence status then UK based financial service providers will find themselves locked out of much business on the continent, they will have to move those operations to within the EU.
London is being warned they must delist Swiss stocks due to a standoff between the EU and Switzerland, the Swiss aren't part of the EU and are in dispute about trade, immigration and finance. It's the MTF XLOM facility.
So I'm not sure what your point is, if the current deal passes they'll be relisted in Feb.
MnM258 has an agenda, however after a period of adjustment the UK is bound to thrive, the whole world isn't the EU not even close. I don't see an even smaller market like South Korea going under, neither will the UK.
The main issue I see is the supply chain, however, this too can be adjusted. It may throw up difficulties but it can be done no matter what the naysayers keep pedalling. I say this as a Remainer.
The point is that once outside the EU, the EU does have the powers to limit the financial services activities of companies based outside the EU within its jurisdiction. That would be equally true for companies based in the UK after brexit.
if we cannot buy an item from the EU we will buy it from somewhere else, the EU isn't the only place that sells something, however Germany will still want to sell us BMW's, France Wine, and Spain fruit.
The point is that once outside the EU, the EU does have the powers to limit the financial services activities of companies based outside the EU within its jurisdiction. That would be equally true for companies based in the UK after brexit.
The point is that once outside the EU, the EU does have the powers to limit the financial services activities of companies based outside the EU within its jurisdiction. That would be equally true for companies based in the UK after brexit.
I think you mean based INSIDE Europe. For example if there's a trade embargo by Europe on Switzerland, then the Swiss can buy BMWs from South Carolina, if they want to export to anywhere but the EU its wide open. The only people hurt are those demanding such things.
Sure the EU can and cut themselves off from foreign investment, that's a short sighted view. If Europe continually throws its toys out of the crib, then they'll sink in stature and relevance as other countries step into their position. There's a huge line of countries who'd step all over the EU to gain a spot in the top 10 economies and sleep as soundly as a baby.
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Originally Posted by Gungnir
I think you mean based INSIDE Europe. For example if there's a trade embargo by Europe on Switzerland, then the Swiss can buy BMWs from South Carolina, if they want to export to anywhere but the EU its wide open. The only people hurt are those demanding such things.
Sure the EU can and cut themselves off from foreign investment, that's a short sighted view. If Europe continually throws its toys out of the crib, then they'll sink in stature and relevance as other countries step into their position. There's a huge line of countries who'd step all over the EU to gain a spot in the top 10 economies and sleep as soundly as a baby.
Absolutely! Anyone can google BMW Greer to see what you're talking about.
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