Comments on: Germany’s Finance Minister takes aim at the City http://blogs.reuters.com/global/2009/07/02/germanys-finance-minister-takes-aim-at-the-city/ Beyond the World news headlines Wed, 19 Jun 2013 08:32:30 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: nick http://blogs.reuters.com/global/2009/07/02/germanys-finance-minister-takes-aim-at-the-city/comment-page-1/#comment-9593 nick Fri, 03 Jul 2009 16:37:59 +0000 http://blogs.reuters.com/global/?p=4483#comment-9593 How correct Nikkei 225 is. Frankfurt has been persuing this agenda for a number of years with little success, but now it may be able to do so through spuriously crafted regulation. Losing the City will mean losing a very large source of exmployment and tax revenue so Bottler Brown needs to act like Europe does when it does not like legislation that will mean loss of tax/jobs and ignore it. How correct Nikkei 225 is. Frankfurt has been persuing this agenda for a number of years with little success, but now it may be able to do so through spuriously crafted regulation.

Losing the City will mean losing a very large source of exmployment and tax revenue so Bottler Brown needs to act like Europe does when it does not like legislation that will mean loss of tax/jobs and ignore it.

]]> By: Nikkei 225 http://blogs.reuters.com/global/2009/07/02/germanys-finance-minister-takes-aim-at-the-city/comment-page-1/#comment-9556 Nikkei 225 Thu, 02 Jul 2009 16:43:40 +0000 http://blogs.reuters.com/global/?p=4483#comment-9556 Herr Steinbrueck sounds very sincere, but there's a hidden agenda. Germany is pushing hard to promote Frankfurt in becoming Europe's number one financial hub. If the city loses business because of stricter European regulations, then London's loss could become Frankfurt's gain. Herr Steinbrueck sounds very sincere, but there’s a hidden agenda. Germany is pushing hard to promote Frankfurt in becoming Europe’s number one financial hub. If the city loses business because of stricter European regulations, then London’s loss could become Frankfurt’s gain.

]]>