EU’s Banks To Run Out Of Money In Days

The European Union is poised to offer Japan better access to its markets than the United Kingdom, prompting City supremo Catherine McGuinness to claim Britain’s financial services industry was being overlooked during EU-UK trade talks.

However, Robert Oulds, director of pro Brexit think tank the Bruges Group, has said the bloc’s infantile endeavours to punish the City of London was doomed to fail and any such move would result in the EU’s financial system rapidly running out of cash.

Catherine McGuinness, head of the City of London Corporation’s policy and resource committee, said the deals which Japan has secured with both the EU and the United Kingdom were a model which needed to be replicated elsewhere.

And she claimed that instead, the UK’s financial sector was always being treated like a neglected child during negotiations.

Mr Ould’s told a news outlet that the EU depends on the City of London and that it would be completely self-defeating and he added that such a move would be a definitive example of cutting off one’s nose to spite one’s face.

And he continued that they couldn’t do that to themselves.

Not only that, the EU’s financial system would run out of money in days, but Mr Oulds said he wasn’t concerned by any suggestion that the EU was prioritising Japan over the United Kingdom – he said that this was just a negotiating situation and that it demonstrated that they were troubled by Britain’s formidable stance.

In the past, Mr Oulds has been critical of Boris Johnson’s failure to step away from trade negotiations with the EU, but he said it showed Boris Johnson was winning and that he could get something right.

Speaking before International Trade Secretary, Liz Truss signed off on a landmark trade deal with Japan and Ms McGuinness told a news outlet that they indeed wanted the EU to offer them something at least as enterprising as they’re offering Japan.

And that they were closer neighbours and bigger partners and they saw some promising signals about what they might achieve in other regions of the world that they would like to see replicated with their EU counterparts.

Speaking in August, European Commission executive vice president Valdis Dombrovskis, who was at the time its finance commissioner, cautioned regulatory equivalence, whereby City firms gain access to the EU, could still take months to be granted, and he added that some areas would not be in a position to adopt equivalence decisions.

But it seems that they’ve got millions salted away, never to see the light of day, but they don’t want their books audited properly otherwise it would undoubtedly demonstrate how bad a state the EU is in, and the Euro would most probably automatically crumple with some blatant deception going on in a big way.

And it’s a bit like a Ponzi system, all leaning to each other, but like a house of cards, it will all come falling down – perhaps that’s why they want a global reset. But as we leave, this is what the EU will endeavour to do to us, this is why we must tear up the withdrawal agreement and give them nothing.

Because they not only want to level the playing field, they want to control all of our sovereignty and we must not play their game.

Published by Angela Lloyd

My vision on life is pretty broad, therefore I like to address specific subjects that intrigue me. Therefore I really appreciate the world of politics, though I have no actual views on who I will vote for, that I will not tell you, so please do not ask! I am like an observation station when it comes to writing, and I simply take the news and make it my own. I have no expectations, I simply love to write, and I know this seems really odd, but I don't get paid for it, I really like what I do and since I am never under any pressure, I constantly find that I write much better, rather than being blanketed under masses of paperwork and articles that I am on a deadline to complete. The chances are, that whilst all other journalists are out there, ripping their hair out, attempting to get their articles completed, I'm simply rambling along at my convenience creating my perfect piece. I guess it must look pretty unpleasant to some of you that I work for nothing, perhaps even brutal. Perhaps I have an obvious disregard for authority, I have no idea, but I would sooner be working for myself, than under somebody else, excuse the pun! Small I maybe, but substantial I will become, eventually. My desk is the most chaotic mess, though surprisingly I know where everything is, and I think that I would be quite unsuited for a desk job. My views on matters vary and I am extremely open-minded to the stuff that I write about, but what I write about is the truth and getting it out there, because the people must be acquainted. Though I am quite entertained by what goes on in the world. My spotlight is mostly to do with politics, though I do write other material as well, but it's essentially politics that I am involved in, and I tend to concentrate my attention on that, however, information is essential. If you have information the possibilities are endless because you are only limited by your own imagination...

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: