‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney

By Craig Stirling and | April 20, 2016

  • April 20, 2016 at 10:34 am
    Stush says:
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    It’s funny how time lapse causes memory lapse. The whole idea behind the EU is that after WW II, Europe lost its pre-eminent place in the world economy and the solution was for Europe to band together as a single trading bloc, starting first with reviving the coal and steel industries. All of their success was derived out of common action. Now years later, we find a resurgence of nationalism which is at odds with the internationalism of the EU. These folks blame economic failures on EU members who are a drag on the economy and they credit only themselves for any successes. This is not a BOLD maneuver at all. And their fear of immigration will not only prevent the movement of populations but also inhibit free trade, the exact opposite of any benefits of exiting the EU. when folks forget the past, they lose the lessons learned. This is an emotional issue and the facts won’t get in the way, until it is either too late and Europe becomes the basket case of the continents or the pain and expense of withdrawal will pave the way back to a more rational policy.



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