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Will those agreements stand if the Withdrawal agreement is not ratified and a trade war develops? In the short term I understand there are some "service" the city provide which other EU financial services centres are ill-equipped to provide, and the Commission may have agreed some deals on a strictly needs must basis.

Longer term, I can't see the EU wanting to maintain a dependency on a financial services centre outside its own boundaries. There is simply too much money to be made by the elect few, and perhaps some extra tax revenues for Governments concerned. I expect the loss of very lucrative City services to other EU centres will be the single most devastating effect of Brexit, as it will have a radical impact on government finances.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Aug 26th, 2019 at 09:01:04 PM EST
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