Sunday, October 23, 2016

By the Brexit, the major banks leave the City’s british – Clarín.com

because of the Brexit, the main british banks are prepared to relocating out of the kingdom "before the next Christmas". This was announced by Anthony Browne, the head of the Association of British Banks and one of its most important leaders.

With the discussions of the "Hard Brexit "and the disturbing visit to Brussels this week of the first minister Theresa May, the bankers believe that "the tone" of these discussions do not promote your business or your future. The european leaders they were furious with the decision of May want to stay in the heart of the decisions until your departure .And get a privileged place in the single market without accepting the free movement of people, which is its indispensable condition to do so.

Browne said that the "language hardens" and "whatever the agreement reached by them, leaves them to the bankers with little choice to protect their future."

The City’s british are 2 miles just ,with the largest concentration of banks and insurance companies by metro square, in the heart of London. Europe is disputed, along with New York, this relocation. But probably the City shall be divided because only New York city has its same services in a single city. Dublin, Frankfurt, Luxembourg and even Paris would be places where they could move their different services.

"most of The international banks already have project teams working on which operations should be moved to the outside in order to serve its customers, when it should move and which is the best way," said Brown, in a column in the journal The Observer today.

"your hands are trembling on the button of the relocation" described the president of the British Bankers ‘ Association."Banking is probably the most affected by the Brexit another sector of the economy by the impact and scale of the implications," he said.

If it is a "Hard Brexit", as the sponsors of the first minister Theresa May, the british banks would lose the" Passport Trading", which allows them to continue to negotiate in Euros in London and across the EU, when it is the most common operation in the City’s british. You are going to see forced to relocate these operations to a country that is part of the European Union.

"London is going to survive as a global financial center.The finances are resourceful and we will find a way," said the banker."But by putting barriers to trade in financial services along the Canal, is going to make things worse for us, not only in Britain but in continental Europe also," he said.

A source in the british government said that a group of government officials are considering a "wide potential impact on the financial services and other.We are determined to keep the City in a position of leadership, as a center of global finance and to make it successful after Brexit".

The negotiations for the divorce european does not officially have begun. You are going to start before the end of march. But what seems increasingly impossible for the government to anti-british european is that they are going to have the power to choose the best of the cake and discard the other. Europe "à la carte" that they want, with access to the single market without free movement of immigrants to Great Britain and with a free commercial exchange ,in which are kept the current european tariff, is a dream. Today impossible.

european leaders are going to be very, very difficult because what is at stake is the survival of Europe and are going to make Great Britain "the bad example". And something worse. They learned Friday that the british are going to have to negotiate his departure in French, it’s all a gesture. Europe returns to what it was: a concept of political union, social and cultural and not only a market, as they want to the british.A concept that Britain never wanted to understand, because Europe is, above all, is a project to preserve the peace.

Without the british , without his vetoes and threats, Europe is returning to its origins. But at the same time, the president of the Council of Europe, Donald Tusk, offered an olive tree to Theresa May. When he says "Hard Brexit "or not to Brexit is offering you the possibility to go back and still have time.And it will be the Parliament , with a vote on this non-binding referendum, the only one who could take the kingdom of this zafarrancho de combat.

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