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Obviously some things moved, mostly because of regulatory requirements. But this was overall kept to a minimum and London is as strong as ever as financial cent
by mytailorisrich 2y ago
Obviously some things moved, mostly because of regulatory requirements. But this was overall kept to a minimum and London is as strong as ever as financial centre, stronger even [1] [2].
Similarly, my guess is that in 4 years Europe will still be a distant 3rd and not much will have changed, not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years) and I don't see Europe suddenly changing drastically.
[1] https://en.wikipedia.org/wiki/Global_Financial_Centres_Index https://en.wikipedia.org/wiki/Global_Financial_Centres_Index
[2] https://dealroom.co/guides/europe https://dealroom.co/guides/europe
- rsynnott 2y ago> not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years) I mean... that really depends on if it _does_ change, though. Certainly if maintained these tariffs are potentially more disruptive than Brexit; they would tend to reshape global trade. If they actually last 4 years then that feels like it's probably going to be bigger than Brexit, at least as a pure _economic_ impact (obviously Brexit also had _extensive_ non-economic impact). I understand that the default is to assume "sanity will probably return", but bear in mind that it is _Trump_.
- taylodl 2y agoI think Trump is the kick in the pants Europe needed to get out of their postwar stagnation. We are no longer in the WWII era.
- niemandhier 2y agoA bit of topic: I think you underestimate the damage the US takes as a brand. People used to view the USA as cultural paragon and tried to emulate their behavior. As far as I can tell that is gone.