3 ms·
> It's hard to understand why Germany or France, who stand to gain from excluding the powerful UK service sector from the EU financial markets No they don't. G
by OscarCunningham 8y ago
> It's hard to understand why Germany or France, who stand to gain from excluding the powerful UK service sector from the EU financial markets
No they don't. Germany and France contain consumers of services as well as providers.
- notahacker 8y agoConsumers of services for the most part couldn't care less whether the back end of their trades is carried out by the London, Paris or Frankfurt offices of HSBC or Deutsche Bank. On the other hand, it's a nice little boost to French or German politicians to be able to talk about financial services industry growth and have a bit more tax revenue to play with.
- jpster 8y agoI concur. One only need look within the number of companies who have opted to move offices to the Continent.