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Why is't Norway and the Swiss hurting? This is the Euro all over. The amount of scaremongering that was put out for not joining the Euro yet the UK and Denmark

Why is't Norway and the Swiss hurting? This is the Euro all over. The amount of scaremongering that was put out for not joining the Euro yet the UK and Denmark managed just fine in fact more than fine.

notahacker 10y ago
Because (i) they still abide by virtually all the EU regulations you've criticised in order to have access to the single market and (ii) as a condition of single market access they accept unlimited EU immigration; the end of which was promised as the key result of voting for Brexit by the successful Out campaign and is trumpeted by both the current candidates for British Prime Minister. But yes, there are feasible arrangements which would allow the UK to remain in the EU in virtually all aspects except name and voting rights after Article 50, which would be less damaging to startups after the uncertainty ended. I feel like I might be repeating myself a little here...
- ThomPete 10y ago
  You are repeating the same claim which comes down to you don't know.
  - notahacker 10y ago
    I am repeating that I DO know that your claim that EU regulation does nothing to help the UK fintech sector is flatly and indisputably wrong, because its ability to serve EU markets from a London office is heavily dependent on financial passporting (and aided by other regulatory harmonisation) and whilst nobody knows for certain what will be negotiated or if Brexit will even happen, I DO know that all the available indicators point against your equally baseless assertion that the resulting settlement will "probably" be better for them than the status quo. Repeating that nobody knows exactly what solution will be negotiated and that it might be quite similar to remaining in the EU doesn't make you any less wrong on the subject of the benefits of EU passporting to UK startups.
    - ThomPete 10y ago
      Which can be easily solved via negotiations. So keep repeating whatever you want you are guessing as much as the next guy.
      - notahacker 10y ago
        I'm glad you've now come around to the idea Brexit represents a problem to be solved rather than a boon to fintech... If you think their negotiation objectives are going to be achieved "easily" despite the EU have a strong vested interest in not extending trade agreements to support London's financial service industry, and UK politicians having a strong political need to avoid a Swiss/Norwegian-type arrangement with unlimited immigration, I've got a bridge to sell you.

notahacker 10y ago

Because (i) they still abide by virtually all the EU regulations you've criticised in order to have access to the single market and (ii) as a condition of single market access they accept unlimited EU immigration; the end of which was promised as the key result of voting for Brexit by the successful Out campaign and is trumpeted by both the current candidates for British Prime Minister. But yes, there are feasible arrangements which would allow the UK to remain in the EU in virtually all aspects except name and voting rights after Article 50, which would be less damaging to startups after the uncertainty ended. I feel like I might be repeating myself a little here...

ThomPete 10y ago
You are repeating the same claim which comes down to you don't know.
- notahacker 10y ago
  I am repeating that I DO know that your claim that EU regulation does nothing to help the UK fintech sector is flatly and indisputably wrong, because its ability to serve EU markets from a London office is heavily dependent on financial passporting (and aided by other regulatory harmonisation) and whilst nobody knows for certain what will be negotiated or if Brexit will even happen, I DO know that all the available indicators point against your equally baseless assertion that the resulting settlement will "probably" be better for them than the status quo. Repeating that nobody knows exactly what solution will be negotiated and that it might be quite similar to remaining in the EU doesn't make you any less wrong on the subject of the benefits of EU passporting to UK startups.
  - ThomPete 10y ago
    Which can be easily solved via negotiations. So keep repeating whatever you want you are guessing as much as the next guy.
    - notahacker 10y ago
      I'm glad you've now come around to the idea Brexit represents a problem to be solved rather than a boon to fintech... If you think their negotiation objectives are going to be achieved "easily" despite the EU have a strong vested interest in not extending trade agreements to support London's financial service industry, and UK politicians having a strong political need to avoid a Swiss/Norwegian-type arrangement with unlimited immigration, I've got a bridge to sell you.