Comments on: Brexit would be bad for Britain Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 By: here Wed, 01 Oct 2014 14:23:43 +0000 But in fact, Liu Jiangen this is not lost, his mind is persistent and firm, he wanted to go to Hengda, want to play, play in AFC Champions League, more bluntly, he want to get more money

By: phoen2011 Mon, 20 May 2013 22:13:52 +0000 @ SCSCSC: you seem to have forgotten the run on Northern Rock, the nationalization of RBS and Lloyd, the Libor fraud, HSBC laundering the drug money, the triple dip, the inflation out of control, the pound debased, the riots in 2011, the debt in percent of GDP higher than Greece, the loss of the triple A, etc,etc,etc.
Next year Scotland will become indipendent and regain full sovereignity. So the pound as a currency union cannot survive.
I repeat: Europe must organize a referendum to kick out the disUnited Kingdom and claim the Euro financial center asap

By: SCSCSCSC Wed, 15 May 2013 16:13:13 +0000 Hugo, CDN_Rebel and phoen2011,

This is the biggest load of rubbish that I have read in a while!!

The UK finished? Just take a good look at the EU and Eurozone if you want to see what the word finished means!

1. UK trade with the EU is moving in the right direction. It was c50% and and is nearing 40% of UK trade. The EU have to be careful with the UK as they earn more from the UK than the UK earns from them.

2. As for promises and Gentleman’s Agreements : The UK and Germany were not to touch French agriculture, the UK and French were not to touch German manufacturing and the French and Germans were meant to not touch our financial services industry. The Germans and French want to blame the UK for their own incompetent Eurozone project so have broken the Gentleman’s Agreement. The financial regulation hitting us here (and hitting the US too) is nothing more than a spiteful and childish trade war. Will the markets be safer, will the investor experience be better, will markets be more efficient – NO. This is not regulation.

3. José Manuel Barroso (the President of the European Commission) is an ex-communist. The EU’s policies of late are near Marxist. Law after law and regulation after regulation means that no company wants to produce in the EU. Believe it or not they regulated against straight bananas and hedgehog flavour crisps (and no, there was no hedgehog in them!).

4. Look at the EU’s decision making on financial matters since 2008. I have laughed so much that my sides hurt. As for the financial centre moving to Frankfurt, would YOU honestly move your money into the Eurozone seeing how they run bank ‘stress’ tests? See how they change the law and market convention whenever it suits the Germans? Who ever heard of bank depositors being hit before equity and bond holders?! Investors will never trust them completely again and I do not blame them.

5. The EU has not managed to audit its own accounts for 19 years! Yes, 19 years. Please show me another global company or institution that is still allowed to operate with 19 years of unaudited accounts? The largest EU budget (agriculture and Eastern European redevelopment) of EUR35Bn p.a. has a fraud level of over 30%, which is c.EUR10Bn p.a. going missing every year on one budget alone! My point is this is how they run finance.

6. Nobody under the age of 55 years in the UK has had a vote or Referendum on the EU. It was supposed to be a free trade area and now it seems that they can block many sovereign decisions that our own elected government UK government makes. Does that sound right to you? We can vote UK governments out when they are incompetent but we CANNOT vote the EU management/commnission out.

7. Many sovereign states in the EU/Eurozone area are just ‘mice’. They surrendered their democracy and freedom to the European Commission without even a vote. The EU represents a coup d’etat by the political elite in Europe. We will not have that here in the UK.

8. The French have been leading the EU off of an economic cliff for the last 2-3 decades. France is finished and all of the rich are leaving for (funny enough) – London. I live in the UK’s number 1 hot spot for immigration in West London and can assure you that the levels of immigration here are synonymous with a disaster. An earthquake, a tidal wave or war, you ask? No – it is the Eurozone melting down.

9. Hugo – it is not up to corporates or Obama as to whether or not the UK stays in the EU. The UK public just want to be allowed a referendum on the subject. What on earth is the matter with you? The UK will exit this disgraceful club of fools and will, once again, save Europe in the process.

Please can you write with more balance as your articles on the EU and the UK’s relationship with the EU are just plain mis-leading? I expect better from Reuters.

By: phoen2011 Tue, 14 May 2013 16:22:09 +0000 Brexit would be very good for the European Union.
The Euro financial center will move to Frankfurt and there will be no more sabotage from an ungrateful member.
The EU should organize a referendum to expel the UK before it implodes and the EU has to bail it out.

By: CDN_Rebel Mon, 13 May 2013 21:38:13 +0000 The main business of ‘the city’ is finance, and that finance is based on access to the EU. 90% of major EU financial transactions pass through London – leaving the zone would cut that number to nil. With financier about out business, the UK would be finished utterly and completely. It already seems likely that Scotland and perhaps even Wales will get independence within 20 years. UK is in trouble and they are grasping at straws to stop the fall, but pulling all the wrong ones…