Posted on 06/28/2016 1:48:01 PM PDT by C19fan
The eight EU members who do not currently use the euro may be forced to adopt it in a bid to speed up monetary union in the wake of Brexit. The Daily Express reports that Denmark, Sweden, Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania will be given an ultimatum by the President of the European Commission, Jean-Claude Juncker . The German newspaper Frankfurter Allgemeine Zeitung claimed there were plans afoot to accelerate the 'completion' of the monetary union. Brexit campaigners claim the plans show that the Leave vote in last week's referendum proved a 'great escape' for Britain.
(Excerpt) Read more at dailymail.co.uk ...
“the only strength that the UK has within Europe is that London has been its financial capital. Watch that distinction go to Frankfurt — an quickly.”
That will never happen. Bet the farm on that.
Junkers? Do they still sell planes?
How does some clown, from a country with a population the size of Mesa Arizona (Luxemburg) get to tell all of Europe what to do?
Juncker home country of Luxemburg’s air force consists of one transport aircraft that they share with Brussels. The Luxemburg army consists of 800 soldiers. It’s quite a military powerhouse. It’s right up there with the Duchy of Grand Fenwick!
An ultimatum by a tiny man from a nothing country?
"The Mouse that Roared" only works in comedy movies, MORON!!
How many divisions do you have to enforce your ultimatum you silly little Andouille* belge!!
*andouille f (plural andouilles) 2.(slang) imbecile, numpty, fool
The hell with diversity, they say.
I wouldn’t bet against London for financial services.
For one thing, there’s the English-language factor. English is spoken by at least 1/4 of the world’s population — that’s at least 8 times as many people as speak either French or German.
New York could gain at London’s expense, because of the shared language. However, other factors need to be considered including: total regulatory burden; the ratio of helpful to harmful regulations; the culture of the financial services industry (e.g. how corrupt is it); the capitalism-friendliness of the host country — except for bail-outs, a government can’t help much; but, it can sure harm things; etc. AFAIK, England beats Germany and France on those factors — and the gap will only widen after Brexit.
Of course, we have to keep the words of the great philosopher, Yogi Berra, in mind: “It’s tough to make predictions, especially about the future”.
Jeebus H. Christmas.
You sound like a fan of globalism.
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