naked capitalism Sun 2009-09-20 10:17 EDT
Guest Post: Ambrose Evans-Pritchard & the City's hard EU choices
The City's political clout in Brussels is waning as the UK's financial industry model has gone from being the envy of the European peers to being a liability. Meanwhile, the EU will in the future probably be proposing new banking and financial services legislation that may be superficially marketed by decision-makers as striving to provide a clear cut with the existing Anglo-Saxon casino model. This guest post will discuss some of the fundamental choices that the City is facing, the most significant being whether or not to be advocating a UK withdrawal from the EU altogether.
Ambrose Evans Pritchard; City's hard EU choices; Guest Post; naked capitalism.