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They said that the City would be finished if the UK didnt join the Euro, it never happened and the city actually became more powerful. Recreating a global fina

They said that the City would be finished if the UK didnt join the Euro, it never happened and the city actually became more powerful. Recreating a global financial centre like the the City isnt a matter of just moving to another location in Europe. If it were that easy the Eurozone would have done it years ago. London has the infrastructure, contacts, mentality, depth of knowledge and experience that the other capitals in the EU cant match. And why would they want to, the city is happy to do business with them. Why would the EU want to wreck a European financial centre that provides them with so many benefits?

JustARandomGuy 6y ago
Finance will move from London for the same reason that British Airways now claims that it's a Spanish company: https://www.theguardian.com/business/2018/nov/12/ba-spain-no-deal-brexit-iag-eu https://www.theguardian.com/business/2018/nov/12/ba-spain-no... - laws can be a massive pain in the ass especially for something as highly regulated as banking or flying. It's way easier to bank within the same regulatory atmosphere than outside it. It may take some time thanks to the corona but it will happen.