3 ms·

> EU just can't afford to give the UK a good deal since this will start a chain reaction with other dissatisfied countries. That's just the kinda of thinking w

by zeveb 10y ago

> EU just can't afford to give the UK a good deal since this will start a chain reaction with other dissatisfied countries. That's just the kinda of thinking which hurts all parties (much like opposition to free trade in general). An eye for an eye leaves everyone blind. There was never much reason to tie so much to free trade: NAFTA does well enough without onerous multinational regulation or free movement; why did the EU insist upon destroying so much of what was essentially British? What Europe should do is let Britain go, and then allow the free trade which is better for everyone.

Xylakant 10y ago
> What Europe should do is let Britain go, and then allow the free trade which is better for everyone. One of the contentious issue is passporting: Financial products (insurances, funds, ...) that are regulated in one EU country can be sold in all of them. A lot of them are registered in the UK - namely the City of London due to favorable conditions. Please explain: Why would the EU allow financial products that are regulated by a foreign jurisdiction? Is there any good reason for that? Does NAFTA include similar provisions?
- zeveb 10y ago
  > Why would the EU allow financial products that are regulated by a foreign jurisdiction? Why would the EU prevent its citizens from purchasing the financial products they wish to purchase?
  - Xylakant 10y ago
    Why do you need to follow US regulations and bookkeeping laws if you want to trade at the Wall Street? Why is the DB subject of a U.S. Department of Justice investigation?
- kal31dic 10y ago
  http://www.cnbc.com/2016/07/07/theres-a-little-known-eu-rule-that-may-stop-the-brexit-banking-exodus.html http://www.cnbc.com/2016/07/07/theres-a-little-known-eu-rule... There's much to be decided still. It's premature in the extreme to make assumptions that there won't be a reasonable solution just because at this point things aren't yet clear.

by zeveb 10y ago

Xylakant 10y ago

> What Europe should do is let Britain go, and then allow the free trade which is better for everyone. One of the contentious issue is passporting: Financial products (insurances, funds, ...) that are regulated in one EU country can be sold in all of them. A lot of them are registered in the UK - namely the City of London due to favorable conditions. Please explain: Why would the EU allow financial products that are regulated by a foreign jurisdiction? Is there any good reason for that? Does NAFTA include similar provisions?

zeveb 10y ago
> Why would the EU allow financial products that are regulated by a foreign jurisdiction? Why would the EU prevent its citizens from purchasing the financial products they wish to purchase?
- Xylakant 10y ago
  Why do you need to follow US regulations and bookkeeping laws if you want to trade at the Wall Street? Why is the DB subject of a U.S. Department of Justice investigation?
kal31dic 10y ago
http://www.cnbc.com/2016/07/07/theres-a-little-known-eu-rule-that-may-stop-the-brexit-banking-exodus.html http://www.cnbc.com/2016/07/07/theres-a-little-known-eu-rule... There's much to be decided still. It's premature in the extreme to make assumptions that there won't be a reasonable solution just because at this point things aren't yet clear.