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Debate: Amsterdam replaces as EU’s prime share buying and selling hub

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Commenting in The Spectator, MP Anthony Browne is incensed by the truth that as a result of stress from Brussels British banks are more and more having to shift the clearing of their derivatives to the EU:

“It’s primarily an insecure protectionist intuition, that makes an attempt to maintain out worldwide competitors fairly than compete internationally. If you cannot beat ’em, shut ’em out. … The EU making an attempt to intentionally fragment monetary markets will cut back the variety of companies that the EU’s corporations have entry to, and improve their prices. I do know from my many discussions with them that it is a main concern to Europe’s enterprise neighborhood. The unhappy reality is the last word losers within the EU’s drive for monetary companies protectionism is Europe’s staff and households.”

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