Well Frankurt is already insisting on giving London a good deal. This could very well turn out in a Germany vs France problem.
Well Frankurt is already insisting on giving London a good deal. This could very well turn out in a Germany vs France problem.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
As such that doesn't even make sense. What are you talking about.Originally Posted by earthJoker
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http://www.wsj.com/articles/frankfur...ket-1468250684Frankfurt Pushes for U.K. to Access Single Market in Financial Services
U.K. access in financial services would bring benefits after the Brexit vote, says Frankfurt Main Finance
FRANKFURT—Frankfurt will push for the U.K. to be allowed the maximum possible access to the single market in financial services following the country’s vote to quit the European Union, even as it hopes to attract jobs from a Brexit fallout.
Frankfurt officials said that while U.K. cannot be given unconditional access to the single market, it will benefit Frankfurt to see London maintain its status as global heavyweight located in the region.
(...)
The French government has insisted U.K. financial services would lose single-market access if the British government refuses to play by the rules of the EU. Frankfurt will press policy makers in Berlin and Brussels to grant the U.K. the maximum access possible, conditional on what trade agreement London reaches.
“We clearly disagree with any sort of punishment,” Mr. Väth said.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
That is quite literally the exact same position almost everyone has had since forever. Conditional access. Follow ze rules.
"One day, we shall die. All the other days, we shall live."
I am pretty certain that Frankfurt has no say in the future role of London. I can imagine why you would want to keep Geman banking the cosy clique it is today but even without punishment there are morcels to be had too juicy to say no to them.
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Merkel will hear the call from Frankfurt, so far she always had.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
The call is for Frankfurt to be a secundairy center, that's going to convince the French of exactly what?
The main reason I can see for this 'demand' is that Frankfurt is making a last ditch effort to avoid full a blown bank union.
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For good reason, they've not lost all leave of their senses.
Not having a bank union actually has prolongued the financial crisis in Europe.
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Who cares about "in Europe"?
We were talking about the Germans, are they suffering more or less of a crisis by not having a bank union?
The crisis "in Europe" could have been addressed years ago if massive fiscal transfers were put in place from Germany, Netherlands etc to Greece, Spain etc - but the Germans haven't been willing to agree to that.
Actually, I don't feel like it's worth my while to discuss this with a Brexiteer.
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So what exactly is Draghi doing?
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
He's filling in as the politicians put off the hard decisions.
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Trying to keep the plates spinning but can't unilaterally make decisions. Someone else here may not want to discuss an uncomforable truth I'm shining a light on but Germans like Schauble are abundantly clear - he is not willing to write a blank cheque "for Europe" and why should he?
Correction; some things I don't discuss with you. Because you're 'out' and thus your opinions are not very relevant. No need to get worked up about them then.
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Schäuble also said: "Out is out." That's also an "uncomfortable truth" you don't want to hear.
When the stars threw down their spears
And watered heaven with their tears:
Did he smile his work to see?
Did he who made the lamb make thee?
Draghi wrote a blank cheque ("Whatever it takes"). And Germany is paying for it.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
I respect Schauble and heard that clearly. He's entering negotiations at his strongest starting point for his nation, just as he always does and just as we need to too. Everyone can learn lessons from Schauble.
As begrudgingly and slowly as possible.
A rapid set of fiscal transfers and banking union could have ended the crisis (for now) already but as much as that would be good "for Europe", Schauble isn't off his rocker so it hasn't happened.
A bigger, faster kick would just have moved the rock further down the road. It wouldn't have solved anything.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
Hence "(for now)"
To end something for now is actually an oxymoron now that I think about it.
It's the Jesus version of dying: "Well guys, I am dying (for now)".
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
Or its a recognition that life goes on and we don't have final solutions.Any problem solved can always return years later, the difference is that for a few years the problem would have been over rather than ongoing but in the background.
It's been attempted in Europe, I don't think that was a good idea
Keep on keepin' the beat alive!
The problem is not really gone if you fighting the symptoms. You can live with it, but it isn't solved.
What you suggest is not a solution, just a larger dose of Aspirin.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
Not sure how significant this is from our new Chancellor of the Exchequer "we are leaving the Single Market now it is about negotiating access". Not sure if that rules out EEA or if he views the EEA as negotiating access.
It means the same as Brexit is Brexit. But it also means he is basically in favor of a quick article 50 process.
Longterm it's the smart approach.
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Brexit is Brexit was meaningless fluff to put the kibosh on any suggestions that as a Remainer May would reneg on the referendum result as it is legally advisory only.
It has no deeper meaning.
Of course it has meaning, but I don't think she's stupid enough to make it mean anything specific. I noticed she said there would be no attempt to take you back into the EU through the backdoor. That is probably a very good idea, it also means that you could get back through the front entrance. Changed circumstances, General Election Platforms and all that.
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Of course that is always an option. No government can bind it's successors. That is part of the point of Parliamentary Democracy.
A General Election platform could consist of bringing back hanging, unilateral nuclear disarmament or any other crazy nonsense this government won't do.
What do you think the odds are that a British government both could be elected on that platform and convince all 27 members to swiftly and easily let us back in?
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