Friday, 16 October 2009

EU Wants End Of London As Major Financial Centre

London mayor Boris Johnson's report reveals EU threat to City's dominance - Telegraph
The European Union's draft Alternative Investment Fund Management directive is a "key threat" to London's pre-eminent position on the global financial stage, says the report. It adds to a growing body of evidence against the directive that its critics say will cost economies across Europe billions of pounds in reduced investment returns and tax revenues, as well as curtail investor choice and lead to job losses.
It's been obvious from the beginning that the EU's intention has been to demote London as Europe's financial capital, under the the guise of preventing a repeat of the recent banking crash.

It comes as no surprise, then, that across the Channel, our French 'partner', Nicolas Sarkozy, has installed his son as head of the development of La Defense, the business area of Paris. Young Jean (23) has little political experience and hasn't yet managed to get himself a degree or anything like, yet. But there's no nepotism involved.

Even the French themselves are a little put out at this. But, like here, they're just the little people. It's the political class that count. Everyone else can fuck off.

Vive la revolution.

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