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As for city business moving to Luxembourg, GET A FCKING GRIP!!! HAve you ever been there, Jesus H Christ, a less suitable place for doing business does not exist. Unless the EU want's to change it's entire legal code finance will stay in London. Lawyers mike like Napoleonic code, as the cases drag on a lot longer and the fees are much higher. Business hates it. Fine for dumping cash and avoiding tax, crap as hell for doing anything.
The Euro would crash and EU would suffer. Their own economists say this .. as I've always stated we won't be leaving. We'll just get a different membership package which can be spun depending on your viewpoint.
Remember, it's easier to criticise than create!
Remember, it's easier to criticise than create!
It also has a music scene that far exceeds what it you'd think it would. Pretty much every global act will pass through. I think it's something to do with their taxation of events. I was told that providing that a European tour was booked through Luxembourg, that tour revenues are taxed there at a favourable rate. All the act has to do is appear there once to qualify. I saw Iron Maiden play there a few years back in a large agricultural field...very bizarre.
Guy Verhofstadt - 7 May 2017
Link to article: https://www.ft.com/content/2494db66-31ae-11e7-9555-23ef563ecf9a
yes, those articles sound positive
I'm personally pessimistic that the EU can reach a constructive Brexit agreement given the way that different interests, opinions and vetoes each member state hold
You're assuming that the EU would not do something to harm member states, just to further the interests of the EU as a political union. To that end, I'd point to the way the EU handled Greece, etc. Those countries have been trashed, and sacrificed to support the grand objective.
I would not be surprised in another membership package were offered, but why would the tories accept it?
Why would any large financial institution just up sticks and move to another country?
Such a move would have a large risk of destroying the business - the disruption would be massive, and they'd probably lose at least half their unreplaceable experts
Have you ever seen the kind of analysis that goes on before a trivial change in a company's operating model?
The London banks would need a brass plaque and a few staff somewhere in the EU, nothing more.
The real question over Brexit is whether the other countries - and their electorates - will accept the loss of the British money in return for telling us to royally fuck off, or whether they will be forced to negotiate to retain some of it. My guess is that their electorates will want their governments to do the former regardless of the consequences.
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
Your different membership package would be a realistic outcome under Labour or the Lib Dems. But previous Labour voting regions are turning Tory precisely because they expect May to take a tough line and deliver the hard Brexit they want, which primarily involves curtailing freedom of movement and an end to 'interference' via the ECJ.
To be clear here, i'm speculating that approximately 30,000 jobs are lost in Financial Services in London and 30,000 jobs are created elsewhere (possibly Luxembourg). Over time, London will develop and change, it always has done.
The ECJ will still be the court that rules on UK/EU disputes and anything to do with EU citizens. May can huff and puff but that will be non-negotiable.
Remember, it's easier to criticise than create!
We can deliver a Brexit deal that works for all
Despite media reports to the contrary and widespread briefing about an ill-fated dinner held between Theresa May, UK prime minister, and Jean-Claude Juncker, president of the European Commission, I believe that a Brexit deal remains more likely than unlikely. There is more that unites the two sides than separates them and, regardless of what is said in the build-up to negotiations, a no-deal scenario would be a disaster for all.
Yes, one of the early challenges will be to find an agreement on the rights of EU citizens in the UK and vice versa. I remain hopeful that this could be agreed in the coming months, but delivering certainty will require a more honest discussion of the complexities at stake. A glance at the commission’s draft negotiating directive makes it clear that this issue will not be solved in a couple of ministerial meetings after the UK general election in June.
Both sides will need a precise and comprehensive agreement that provides citizens with genuine and permanent guarantees. The rights at stake do not just relate to residency, but also include access to healthcare, social security and guarantees regarding non-discrimination legislation. All of these rights, some acquired over decades, will need a mutually agreed enforcement mechanism, as will the divorce agreement more generally.
These issues will not necessarily be easy or quick to resolve, but they are not insurmountable. The EU has put its negotiating demands on the table. We do not know yet what the position of the incoming British government will be, nor what the UK’s future immigration system will look like. Thus, the list of uncertainties is at risk of remaining lengthy. It is also important that, as the European Parliament has requested, EU negotiators propose a form of citizenship for UK citizens who want to maintain their link to the EU after Brexit.
The debate about a financial settlement is likely to be complex and heated. The EU will not seek to punish the UK or demand one more euro than is due. As Donald Tusk, president of the European Council, has made clear: Brexit will be punishment enough. Yet, it is only fair that the UK agrees to pay its share of outstanding legal and budgetary commitments and liabilities. It would be wrong for EU taxpayers to be asked to pay Britain’s bar bill. A financial agreement should be in the UK’s reputational interest too, as it seeks to find a new role for itself in the world.
The third priority for the European Parliament in the first phase of negotiations is working out a solution to protect the Good Friday Agreement, in all its parts, and to avoid the re-introduction of a divisive hard border on the island of Ireland. This may ultimately require a comprehensive political solution, possibly even a special status for Northern Ireland. Many Irish citizens residing in Northern Ireland will continue to enjoy rights as EU passport holders, but how will their rights, including the right to vote in European elections, be safeguarded in practice?
It is unlikely that the European Parliament will agree to start discussions about a future relationship, unless a rock-solid arrangement addressing these issues is in sight, which is effective, enforceable, non-discriminatory and comprehensive.
As the European Parliament has proposed, the EU and the UK should aim to achieve a future association agreement, which is ambitious and strong. This should be a positive partnership, which goes beyond trade, to include security and defence co-operation. Mrs May has made clear Britain is leaving the EU but it is not leaving the continent of Europe. Nevertheless, as with any complicated divorce, preliminary discussions about a future partnership can only start when there is clarity about how the existing relationship is dissolved.
Soon, the phoney war will be over. I am confident the gulf between the EU and the UK government can be bridged, but achieving this will require cool heads, a dose of reality, a dash of common sense and an acknowledgment that a failure to reach a deal would not be in the long-term political or economic interests of either side.
Guy Verhofstadt
Lead Brexit negotiator for the European Parliament
May 7, 2017
Financial Times
Remember, it's easier to criticise than create!
which governments of influential EU states have you seen approach the EU in the way their electorates feel appropriate?
How will he stop Drunker sabotaging his work?
probably 5% max
In comparison the EU destroyed 90% of the medical trials jobs here, and almost all the fishery jobs
The UK? Constantly causing trouble over nothing and being the awkward member of the club that wants everything its own way...
Germany, actually - for the same reason. They've had twenty years of selling German products to the Greeks and others despite their inability to really pay for them, and now they're broadly supporting the German government in its attempts to kick the can further down the road.
The French too - they get a lot out of the EU, and simply ignore the bits they don't like, in typical Gallic fashion. They've just heavily voted for a pro-EU president rather than an anti-EU one, that should say a lot.
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
one is political and the other is economic..
and these two problems are at odds with each other for both the UK and the EU
the solution to one is fuck off, the solution to the other is let's be nice