>The European commission’s Brexit negotiators must strike a “workable” deal with Theresa May’s government to protect the City of London or the economies of the remaining member states will be damaged, a leaked EU report warns.
>The document – which has been seen by the Guardian – describes it as critical for the economic health of the remaining member states that the current financial eco-system is not hit in the coming Brexit negotiations.
>The paper, drawn up by officials working for the European parliament’s powerful committee on economic and monetary affairs (Econ), warns that UK-based financial services account for 40% of Europe’s assets under management and 60% of its capital markets business. “And UK-based banks provide more than £1.1tn of loans to the other EU member states,” the Econ secretariat’s paper notes.
Fucking hell this must've pained The Grauniad to write
Brandon Cook
> Tumbleweed passes along the scenery
Don't care. We will trade with the EU in or out of the single market. We can still be good neighbours and the trade can flow. But that is up to the EU on how nice or nasty that can become.
Wyatt Howard
"T-t-the EU n-n-needs us. T-they will be forced to give us a good deal" - Some delusional Britbong journalist
Jace Sanders
>"a leaked EU report warns" >implying The Guardian is pro-Brexit in anyway, shape, or form
Owen Ramirez
>£1.1tn Holy fuck. That's enough money to go to mars.
Christian Martinez
Why are Germans such fucking cucklords?
Dylan Kelly
nice but this was obvious to everyone who's not delusionally europhile, extremists like verhofstadt might be happy cutting off the nose to spite the face but member states won't be
Blake Fisher
>leaked Guess next they say their father is nintendo.
Brexit is a non issue for us. There are a truckload of banks around the world willing to give money to the EU as many states have stellar credit rating.
But good luck finding other countries to lend your money to, maybe you can try africa and trade your bongs for ooga boogas.
Aiden Long
Pretty funny that German industry have pleaded with Merkel to not give Britain a bad deal. Britain is the largest consumer of EU products. Alienate your biggest customer and you tank your own economy.
Countries around the globe are lining up to trade with us once we're out of the EU. We'll be fine either way. If you want access to Britains consumers then the EU basically have to suck our dicks and give us what we want.
Luke Wright
>trade with us once we're out of the EU I assume you mean, sell their shit to you as you dont have anything any other country wants.
25% of your economy is being the bank central for EU, once that market dies you are left with a import dependent domestic market.
Henry Turner
In addition Merkel has since softened her stance, claiming we could have access to the single market without the free movement of people.
Kevin Brooks
Hey goys
Remember all those freedoms we had before the EU that we're gonna get back now?
Nor me.
Thomas Adams
London is the finance capital of the world, British industry has been growing rapidly very recently as per the brexit result, And we'll be able to trade with the rest of the globe much more easily without the EU regulations hindering our business' ability to do deals, in addition to the fact that several countries are already fighting over who can make a trade deal with us first.
You're deluded.
Lincoln Gomez
You mean the freedom to directly elect our lawmakers?
Noah Roberts
That's awesome. Once again confirming that the MSM only puts out propaganda, not any kind of objective reporting.
BREXIT IS HAPPENING.
Luis Garcia
It is a finance capital because of free access to EU.
No other area need London, especially not America as a lot of London banks are just branches of American banks to access the EU market.
Eli Gray
You really need to get it through your head that not screwing over the UK is the only way the EU survives. Because of the large trade imbalances caused by your shitty Euro currency means several countries are one recession away from financial collaspe. You think you are fin Hanz, but you stand the most to lose if the EU falls. Every country that leaves means one less country to subsidize your trade surplus and hurt Germany's economy.
Michael Foster
>It is a finance capital because of free access to EU.
It's the financial capital of Europe because of the Rothschilds CENTURIES ago. London was a top tier city before the EU and the EU only ruined it with unlimited immigration.
Eli Stewart
>not gassing all the kikes in london ishyddt
Cooper Hall
I'm with you Freidrich.
Isaac Robinson
>The paper, drawn up by officials working for the European Parliament’s powerful committee on economic and monetary affairs (ECON),
it's okay Hans, we'll give you a good deal
Oliver Cruz
>meanwhile 14% of corporations in Britain will move at least partially in Germany or the Netherlands within 3 years Ok
William Turner
Please annex us Germany senpai :3
Julian Gray
Kek. Britain is about to become the only European nation with a FTA with the US. Where do you think Eurocorps are going to be relocating when they want favorable trade with the most lucrative market in the world?
Jaxon Gonzalez
No problem. The EU can send the cash to us. It will be safe in our vaults. Now, go back to play in mosque, Jamal.
