Oh Fuck They're Bricking It, Lads

EU BTFO. Germany BTFO. Remainers BTFO.

>EU negotiator wants 'special' deal over access to City post-Brexit

>Exclusive: minutes of Michel Barnier’s meeting with senior MEPs reveal he wants 27 member states to have easy access to London’s financial institutions

>The EU’s chief Brexit negotiator has shown the first signs of backing away from his hardline, no compromise approach after admitting he wants a deal with Britain that will guarantee the other 27 member states will continue to have easy access to the City.

>Michel Barnier wants a “special” relationship with the City of London after Britain has left the bloc, according to unpublished minutes seen by the Guardian that hint at unease about the costs of Brexit on continental Europe.

>Barnier told a private meeting of MEPs this week that special work was needed to avoid financial instability, according to a European parliament summary of the session.

>“Some very specific work has to be done in this area,” Barnier said, according to the minutes. “There will be a special/specific relationship. There will need to be work outside of the negotiation box … in order to avoid financial instability.”

>The remarks hint at concern among senior Brussels policymakers about the damaging consequences of Brexit for the continent if Europe’s biggest financial centre is cut adrift.

>A spokesman for the European commission insisted the minutes, which were drawn up by European parliament officials, did not “correctly reflect what Mr Barnier said”.

>But the minutes do mirror the view of the governor of the Bank of England, Mark Carney. He told MPs on Tuesday “there are greater financial stability risks on the continent in the short term, for the transition, than there are for the UK”.

>theguardian.com/business/2017/jan/13/eu-negotiator-wants-special-deal-over-access-to-city-post-brexit

tfw this is the kind of shit that's getting you excited on a Friday night

Other urls found in this thread:

theguardian.com/uk-news/2016/may/11/gangsters-on-our-doorstep
en.wikipedia.org/wiki/Stefania_Ferrario
twitter.com/SFWRedditGifs

Brussels needs to be firebombed.

You know things are bad for the remain side when The Guardian won't open its comments on a Brexit article.

I got a big bag of weed, thats what I'm excited about tonight. The EU need us more than we need them, they will probably give us a better deal than Ms May. Still a shitty deal though seeing as we could have left within weeks of the vote.

>Still a shitty deal though seeing as we could have left within weeks of the vote.

Leaving immediately after the vote would have been daft as something like this would have never been on the table; the Euros would have made sure of it, just to be spiteful.

Now that we've given the Europeans time to think shit over and do some analysis, they've realised that they can't afford to play hardball.

Pulling off Brexit AND still keeping The City's position would be fucking outrageous. It's the ideal.

You are right about how it makes sense to wait what witht the 2017 elections in Germany and France. Its just that I'd like to see the UKIP version of brexit. Gerrard Batten wrote a book about how we can leave quickly without triggering article 50.

If the Tories cared about what the people want they would have at least planned on doing it this way. But they want to fuck this up as far as I'm concerned.

Keep Farage in the loop, and you'll be front of the line for trade deals, Scout's honor.

Euroniggers BTFO

So, they're trying to spit in the face of the people?

This is exactly what they voted for, they don't want you involved in their affairs.

I don't think the Tories knew.

If this report and line of thinking is true (and it's looking like it might be given Carney's chat during the week) it's basically surrendering the EU's trump card. The Tories dodging Brexit - even if they wanted to - becomes pretty much impossible if the EU are saying "we can't do what London does and it would be prohibitively expensive if we tried - can't we just keep shit the way it is?" Once that's public, it's nigh on impossible not to Brexit - why would you? The ball's completely in your court.

Isn't it good when Britistan gets a sweet, perfect deal from the EU?

That way more EU countries will leave and ask for the same perfect deal, meaning that the EU will end to exist and everyone will have the same sweet trade deal without redistribution of wealth and other shitty stuff like freedom of movement.

You know that does give me hope. But remember these fucks only play by the rules when it suits them. Thing is they never thought we'd vote to leave, Stupid Dave.

The whole Remain argument from the pro-EU side in Europe is that they're threatening to severely disrupt the UK economy.

Something crazy like 70% of the UK economy is wrapped up in financial services; investment banking, large-scale accountancy, stock and currency clearing etc. It's provides billions in taxes and makes London the financial hub of the entire continent.

However, as we're a member of the EU, there are a lot of directives and laws that tie all this shit together and leaving the EU would (theoretically) remove or make redundant those laws and directives and so European countries and businesses would no longer be able to use London as their hub. Therefore places like Paris and Frankfurt have been threatening to absorb tens of thousands of bankers and financial companies that would hypothetically have to relocate once locked outside of the EU's economy when Britain leaves.

What's happened here is that the EU have gone away, looked at this scenario and realised that it's probably not feasible to expect huge banks and their staff to almost entirely relocate to mainland Europe; the structures are in place already to do everything in London so why don't we just stick with doing things in London?

They've blinked first, basically.

This basically. It's just financial elites having it their way, above what popular vote decided. They just make their own rules.

The UK made it clear they want to leave EU completely, not partially. This goes against that popular vote to leave. It's Leavers who are getting BTFO'd here.

London will have to comply with EU rules to be able to have access to the common market. So basically the UK capital will still be in the EU.

Hahaha. I've been saying it since Brexit that the city was safe and that no one of merit would be leaving. Even outside of the EU no other European capital city can compete with London as an IFSC.

If Theresa Maybe doesn't use this to her advantage she is finished.

>We need to let the City continue to rape us in the ass.

Why the fuck would anyone in Europe say this if they weren't bought?

The most ideal (makes everyone happy) would be to:
set London as a special state within the UK, but part of the eu (never brexited at all) - has borders with england, but open travel through calais to eu with a special highway
and gas scots

GL with that
you gonna get raped

Freedom of movement would have been great if we hadn't allowed second world countries into the union.

Of course a Pole is going to move to Germany and a Romanian is going to move to Italy, if they're allowed.

They're poor, not COMPLETELY RETARDED.

>London will have to comply with EU rules to be able to have access to the common market.

The whole point of the City is that they don't have to comply with normal laws.

Not with British laws and not with EU laws.
They get to make their own rules, that's how they become so rich.

londonistan city state when???

>Freedom of movement would have been great if we hadn't allowed second world countries into the union.

>Italian flag

I sincerely home you're on holiday there?

But they do have to comply with EU rules right now. And they will have to comply in the future if they will have passport rights in the EU market (and vice-versa).

The relation can't be one-sided.

I wouldn't move to Italy, I don't really like Italian people. Too loud. Great food, though.

do not celebrate too early better listen what merkel said today. He will not make any decisions.

Wow. Its almost as if you are talking about the City of London and the Channel Tunnel

This is about the City of London, not about "Londonistan".

It's already a city state.

With walls :)

Yeah, the German MEPs from that meeting weren't very happy about Barnier's position.

Expect some disagreements there between Germany and the Commission.

We is doing important work user, we read the news all of it allways

why do you hate EU so much?

The Citys walls are the minimum starting bet in its casino.

European Union would have been fine if it wasn't for the God damned meddling ECB

>But they do have to comply with EU rules right now. And they will have to comply in the future if they will have passport rights in the EU market (and vice-versa).

Technically they have to comply, but micro countries can easily avoid rules when they want.
They only have 8000 inhabitants.
They don't have to worry about immigrants, labor laws, income taxes, etc. etc. than drag down normal countries.

Technically Vatican City also has to comply with EU laws - how does that ever limit them in any way?

The thing is every single country can block an agreement. All 27 have to agree to a deal or there will be no deal.

We don't. We just hate EU bullshit.

I went to Berlin for a stag-do last year and stayed in a hostel. I met some Spanish dudes and we teamed up with some a group of Irish people and we all ended up in the pub trying to chat up some Italian chicks in a big hodgepodge of bad English, German and Spanish. That's what Europe should be like; we're all kinda bros but the things that make us bros and makes everything cool are our differences. Europe shouldn't be one giant homogeneous lump - that would be shit.

Step one is we should close the borders to people who can't/won't go to pubs.

>when britian gets tired of the eu and tells everyone to fuck off case of the corruption and bullshit

good job britan im kinda proud now just give the immigrants to germany and you can be great

>Vatican
It's not like they're doing a whole lot of financial transactions there.

>Today, Italy has the third largest economy in the Eurozone and the eighth largest in the world. It has a very high level of human development and is ranked sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, and it is both a regional power[23][24] and a great power.[25][26] Italy is a founding and leading member of the European Union and the member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7/G8, G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus, and many more.


Also, learn what second world means.

Well, you're probably not part of the low tier construction laborers and you have it good enough as it is.

The point is there's over 1.1 million Romanians who DID move here and most of them do manual labor.
Meanwhile we have 850 thousand people aged 24-35 who are unemployed.

Don't you see how retarded that is?

CRASHING THIS EU

>>Vatican
>It's not like they're doing a whole lot of financial transactions there.

Catholicism is also a multi billion dollar industry.

All micro countries have their special perks.
That's why they continued to exist.
For the City of London it's legal loopholes that make them exempt for taxes and regulations that apply in the rest of the UK.

>Today, Italy has the third largest economy in the Eurozone and the eighth largest in the world. It has a very high level of human development and is ranked sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, and it is both a regional power[23][24] and a great power.[25][26] Italy is a founding and leading member of the European Union and the member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7/G8, G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus, and many more.

You have really shit banks. Your culture is amazing though, along with your food and cars (Mclaren is better though). If you weren't shackled to the Euro you'd be great.

No exit until BREXIT!

When are you going to make it happen, brits?

HAHAHAHHAHAHAHAHA
THIS IS THEIR "HARDLINER BAD COP"?
IS THE EU MADE UP OF DRIED UP OLD HAGS AND COCKLETS?

how is mclaren better ? Ferrari atleast goes up in value. look at the mclarens those cars depreciate faster than anything else. Except P1

Well, yeah, it's retarded but why did Italian firms hired so many Romanians and not Italians?

Could it be that those 850k unemployed Italians (in the 24-35 age bracket) would not accept working in low tier construction projects and get paid a low salary?

Then again, if Italian employers are driving wages down, your government can make laws to impose a higher minimum wage.

So, personally, I don't care if those Romanians live/work there or they come back. Romania's economy would surely need more labour force to support the growing aging population.

May also met with the PM of NZ today to try and start on a trade deal.

>reminder that New Zealand has the highest level of female promiscuity IN THE WORLD

We're going to be swimming in fit Kiwi slags and lamb cutlets, lads.

>Could it be that those 850k unemployed Italians (in the 24-35 age bracket) would not accept working in low tier construction projects and get paid a low salary?

They won't accept low salaries because they want to live a normal "Italian" standard of living. The same thing happens in the UK; Eastern Euros accept the shittiest wages because they're content to stay in tiny London hovels with ten of them in the one house. The problem is free movement; there's no incentive for firms to train people up or pay a decent wage when there's an (ostensibly) unlimited labour supply.

Gee, it's a fucking mystery.

2bh I think the EU has no fucking balls and it's showing that they are led by financial lobbyists here.

They should tell financial firms to move their asses on the continent if they want to do business there. If the institutions with most money (banks) don't have the means to move in two years, then who else does it?

It's just they don't want to do it, they don't want to pay the costs of moving fast. So they put pressure on the EU Commission to support their interests at the detriment of rules.

The EU Commission as a representative "government" voted by the Parliament should not cave in to financial interest, they should tell them to adapt to the situation.

It's a ridiculous situation, after the ECB has been saving their asses for years now. They don't even want to put in the effort to create branch offices on the continent.

Bring on the Filth lad

EU irrevocably blown the fuck out my sides

>they are led by financial lobbyists here.

It seems so, yes.

>They should tell financial firms to move their asses on the continent if they want to do business there.

Exactly.

(specifically Amsterdam, but that's just a coincidence)

>Could it be that those 850k unemployed Italians (in the 24-35 age bracket) would not accept working in low tier construction projects and get paid a low salary?

Of course they can't, they're being severely undercut by people who will leave in 10 years and fuck off back to Romania with the money.

An Italian who wants to live in Italy can't do that.

And when a batch of immigrants leaves, a fresh one comes in right away so (((they))) never have a shortage of cheap labor.

>Then again, if Italian employers are driving wages down, your government can make laws to impose a higher minimum wage.

There is no law-mandated minimum wage in Italy, although most employers adhere to what are called "CCNL"s, national collective contracts discussed with the largest worker unions, which do.
They aren't doing this to be nice, they adhere to the national contracts because it makes them more competitive.
Free market at work.
You just have to stop unskilled immigration, like Australia.

>You have really shit banks.

Corruption, tbqh.
Monte dei Paschi was heavily involved with our biggest left wing party.

The slags really aren't that attractive. Reminder that they have majority britbong DNA.

>they're content to stay in tiny London hovels with ten of them in the one house

I very much doubt that.

On the other hand, I think Westerners have become complacent and self-entitled. They don't want to compete anymore, they just want employers to pay for their high living standards without actually producing economic goods and services to justify that.

>The problem is free movement
Brits just don't want to deal with hardship in life, m8. If an employer offers them a job in another city, they don't want to move there, because they'd have to pay rent and they couldn't afford the lifestyle they'd been used to. But yeah, an Eastern European would move from 10 countries away just to get that job and live in modest conditions, just for the sake of a possible better future.

There's a difference in mentality here. Being born with this self-entitled mentality surely doesn't help one find jobs.

And yeah, I'm aware employers aren't exactly charities and want to keep their costs low.

>gas scots
This

Look, make your own firm and employ only Italians on high wages. Avoid employing Romanians on low wages.

Would you do that?

Who dis, I want her to slam my dick

>I very much doubt that.

Dude, it happens.

Here's an article from The Guardian (of all places) about it:

>theguardian.com/uk-news/2016/may/11/gangsters-on-our-doorstep

People from the UK can and do work abroad but it's only usually in roles that pay the equivalent (or close to the equivalent) of what they'd get in the UK. I could probably go get a job in Poland but I'd be earning a fraction of what I earn here so where's the incentive?

Stefania Ferrario. The only good thing to come out of Australia.

>I very much doubt that.

You don't know many construction workers evidently.
I knew a guy who owned a construction firm, who used to """house""" his illegal workers in an abandoned factory.
This was back in 2004 when Romania wasn't in the EU yet, so everything super illegal and undeclared.

But after a few years the guys could go back and almost buy themselves a house outright, so they put up with it.

>Brits just don't want to deal with hardship in life, m8. If an employer offers them a job in another city, they don't want to move there, because they'd have to pay rent and they couldn't afford the lifestyle they'd been used to. But yeah, an Eastern European would move from 10 countries away just to get that job and live in modest conditions, just for the sake of a possible better future.

Yeah, I was offered a job in Milano which payed pretty much exactly what I'm paid here in Torino, except Milano is worse in pretty much any way. More expensive, more crowded, more traffic, etc.
I respectfully declined and kept my current job.

Why would I go through all the hassle of relocating only to have a WORSE living standard than I had before?

Of course Eastern Europeans move, because they get an improvement.

And I'm sorry but an Italian shouldn't have to "deal with hardship" and relocate so that a Romanian can take his job instead.
You're on Sup Forums so I'm guessing you should agree.

No, because the other guys who employ eastern european workforce would undercut me and make my business fail.

Just like the workers themselves are undercutting the italian workers and making them fail.

The ideal situation would be reforming the Empire and taking back our clay from China.

>Why would I go through all the hassle of relocating only to have a WORSE living standard than I had before?

I was talking about people who can't find jobs in their town/city and refuse to relocate to get a job.

Obviously having a job in another city is an improvement over not having one, but staying in your city.

And I think I've read about this in an interview with UK employers, who complained that young ppl from the UK don't even bother checking for jobs outside their location. They don't want to put up with any hardship of getting a job if none is available where they live.

They're also Italians like yourself. Why would another Italian not help Italians get jobs?

Why would they offer jobs to Romanians?

This means they care more about profit than about ethnicity. Now you want to force them to employ based on ethnicity / citizenship.

How would that work with economic competitiveness? Maybe the West needs to wake up from complacency and start working for lower wages because the golden age of high salaries is gone?

Britain is long gone, even with Brexit. Not sure why Brits get happy when some positive news about Brexit comes in. It's too late.

>Of course they can't, they're being severely undercut by people who will leave in 10 years and fuck off back to Romania with the money.
>An Italian who wants to live in Italy can't do that.
>And when a batch of immigrants leaves, a fresh one comes in right away so (((they))) never have a shortage of cheap labor.

This guy gets it.

because they like borrowing money, and if they exclude london then their cost to borrow goes up

And also because you can't pause the economy of Europe for two years while the fuckwits at the EU pore over every sentence of every single banking directive; it's far easier to just go with the shit that's in place.

maybe, we already know about the problems with many of the EU banks, like detsche-bank, and the italian one which I forget what it's called

2 years should be enough for London banks to open shops in Europe.

It's the Commission that doesn't have the balls to impose this on them.

I'd wait for Germany's position on this. I don't think they will support it.

After all Barnier doesn't call all the shots by himself. If the deal he negotiates is not politically palatable to the Member States, it won't pass.

And after 2 years, the UK will just be forced to leave the EU without any arrangements in place. That's what the Treaty says.

They can try, then when the EU finally come in with their financial transaction tax we can pull up the drawbridge and let those traitorous cunts starve.

By which time the next financial crisis will have them on their knees to start with.

It's good that they are working on a deal. We must secure white British wombs for refugee and immigrant seed, don't be racist.

You know, the banks from London are not British banks, right? Their assets are not located in London, their offices are located in London. Financial assets move around freely in Europe (still).

So the whole debate is about having them relocate and them saying: uh, we don't really want to move so fast.

It's about location, not about capital.

JPMorgan Chase is American, but operates globally.
Goldman Sachs Group and Citigroup - American.
BNP Paribas - French.
Bank of America - self-evident
Deutsche Bank - same
Société Générale - French

The UK has only 2 major global banks: HSBC and Barclays PLC. And RBS, if we're generous.

What they're really fighting for, these banks, are the perks and privileges they gained by decades of lobby with the UK govt. They got themselves a special status in London. And they want to preserve that.

But that doesn't mean they can blackmail the EU to keep their advantages forever. Germany surely won't accept that. It's not the assets, again, it's the location where transactions are made.

Assets can be found elsewhere too. And can be moved elsewhere in Europe, but obviously, they won't have the same perks and privileges as in London.

It's all down to whether the EU Commission has the balls to tell them to follow rules.

>They're also Italians like yourself. Why would another Italian not help Italians get jobs?

Because they're entrepreneurs and they're running a business, not a charity.

>This means they care more about profit than about ethnicity. Now you want to force them to employ based on ethnicity / citizenship.

Yes, because if you cannot import cheap foreign labor, everyone gets back to a level playing field and the free market works again.

>How would that work with economic competitiveness?

We're competitive because we make top tier shit, not because we make it cheap.

Over half of the ISS was built in my city.
Nobody cares if a piece of it ends up costing 200K more because Alfredo and Marco bolted the outside hull plates on rather than Constantine and Andrei.


>Maybe the West needs to wake up from complacency and start working for lower wages because the golden age of high salaries is gone?

Or maybe we need some good old protectionism. There's absolutely no reason why we need to import €0.2 plastic buckets from China when we could be making them ourselves.

The only thing we lack is natural resources.
We also have an abundance of world-renowned foodstuffs that we can export to pay for them.

Our trade balance is positive already.

>the free market works again
I'll tell you what would happen. Italian products would get more expensive and lose market share vs products from countries that allow competition on wages.

And even if everyone did this, products would still get more expensive for everyone, which means everyone will afford to buy less. If you claim higher wages but your productivity is the same, you can't have your cake and eat it too.

It's not as simple as that. To maintain "continuity of service" they need the same staff - staff who are experienced and who know what they're doing. Now obviously not everyone is going to want to leave London so this punches giant holes in their ability to run the business without interruption. Then they need to find a new building and furnish it. And set-up the computer networks. And so on and so on. Moving the business wholesale is not a trivial task and that's BEFORE you factor in the perks you mention.

That can happen in two year's time, if they really want to. And experienced personnel can relocate too.

It's the laws which affords them special conditions that makes them fight tooth and nail to stay in London. Their lobbies worked for decades to get to this position, now they would have to start all over again somewhere else to get the same status.

...

That's what you want to topple. Destroy the elites and the world becomes a (slightly) better place.

I need to say one thing.
there s something that someone has probably missed, and i know it because i lived in london.
> london has massively grown since 2008, mainly because of EU migration.
> rent prices in london has more than DOUBLED between 2008 - 2015
> a lot of companies, banks, financial institutions secured their assets in london's real estate market, safe of the high rental prices
> but this high prices in london's real estate market are fuelled by the immigration
> if UK brexits, and IF a lot of young europeans leave london (which is the average british chap wants), there will be lower request for rent in london
> if the brexit changes the migration movements to london and thus the market changes, the prices will go down and this might compromise a lot of investors
> TLDR there might be a bubble in london s real estate market , and it might explode
just check how abnormally the prices grew up in the last few years

Thing is London banks have developed this mentality they are a state-within-state. They think they need a financial Vatican of their own to operate.

Maybe this was the event needed to crush this Jewish mentality.

Why would the EU have to cave in to banksters to allow them to have a special status?

It won't even be legal for a chunk of the UK's economy (the financial sector) to operate freely in the EU and contribute to the UK economy, while the rest of the UK economy would be outside of the EU. That cannot be legal.

I'm sure this would be voted down in Parliament and many states would oppose such a backdoor created for the banking cartel.

So, they are playing with fire, imo, and they'll get burnt eventually.

I don't see any EU Parliament group that would support their position, except for the EPP. Everyone else would shoot down their propositions right away.

Stick it to 'em Bongs

Dude ordinary Brits don't lose or gain anything from this. Only the banking cartel stands to gain from this. Why would you side with them?

The City of London is a state within a state, you dolt.

What is that picture source????

That's what needs to be destroyed.

The city of London and Israel. The most cancerous places on planet earth.

ne znam ne sjecam se

Vise nije potrebno ;)

jeli je istina da su neki huligani tukli migrante u zagrebu? pa da makar jednom budemo pametni i mi UPM

they want to keep the city? they got lots of tax havens in the EU they can move to Luxemburg
Ireland or Netherlands, who cares

>They don't want to put up with any hardship of getting a job if none is available where they live.
That's wrong though, half my friends have moved to London

Because jobs in London would pay more, obviously. But then rent would also be higher. Different situation than if, say, someone from Oldham moving out to Hampshire.

>You know things are bad for the remain side when The Guardian won't open its comments on a Brexit article.

Yeah I remember when SKY removed their comments section for all article literally on the 24th too

en.wikipedia.org/wiki/Stefania_Ferrario

>Stefania Ferrario
>Identifies as bisexual

DROPPED

>Different situation
Not really. People are prepared to move.

What the fuck is there to negotiate?

This is ours, that is yours. You want some of ours be prepared to fight for it.

End of story.

>Societe Generale + BNP Paribas

What?

Maybe in Europe they're big, but they're rather small elsewhere.