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Bloodbath in the City

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    Bloodbath in the City

    The City will shudder at Brussels' strong-arm tactics with Switzerland

    The European Union’s threat to freeze out Swiss stock exchanges from the bloc’s single market will have confirmed the worst fears of the City of London about the future after Brexit.

    Switzerland, which is not a member of the EU, has a system of regulatory recognition with Brussels called “equivalence”.

    Simply put, the granting of equivalence to a non-EU country is a temporary recognition that its rules are as strict as Brussels and gives access to its markets.

    Crucially equivalence lies entirely in the gift of the European Commission, the EU’s civil service, and can be withdrawn at short notice with no right of appeal.

    Source: ToryScumGraph

    #2
    Switzerland should just take the EU to the WTO under GATT Art XXIV, that’ll show them

    Comment


      #3
      Originally posted by meridian View Post
      Switzerland should just take the EU to the WTO under GATT Art XXIV, that’ll show them
      Or retool their financial services industry into jam, tea and biscuit production.

      Comment


        #4
        Originally posted by Old Greg View Post
        Or retool their financial services industry into chocolate, guns and cuckoo clock production.
        FTFY

        Comment


          #5
          Originally posted by AtW View Post
          Or retool their financial services industry into chocolate, guns, aircraft, pharma, electronics, watches, vehicles, precision instruments and cuckoo clock production.

          ftfy. Oops, they're already major worldwide exporters of those goods.
          Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.

          Comment


            #6
            Originally posted by Old Greg View Post
            Or retool their financial services industry into jam, tea and biscuit production.
            They’re also perfectly located to support the booming demand for comfort blankets, bedtime stories and No More Tears shampoo among our expatriate community.

            Comment


              #7
              'Or retool their financial services industry into chocolate, guns, aircraft, pharma, electronics, watches, vehicles, precision instruments and cuckoo clock production.'

              cuckoo clocks are more bavaria, really.

              and you forgot glass bellybuttons.

              the swiss need them to see where they're going
              Entropy is NOT what it used to be.
              Inertia, however........................

              Comment


                #8
                Originally posted by BR14 View Post
                'Or retool their financial services industry into chocolate, guns, aircraft, pharma, electronics, watches, vehicles, precision instruments and cuckoo clock production.'

                cuckoo clocks are more bavaria, really.

                and you forgot glass bellybuttons.

                the swiss need them to see where they're going

                whereas our expat remainers need arse trumpets so they can be heard when speaking.
                "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                I want to see the hand of history on his collar.

                Comment


                  #9
                  Originally posted by AtW View Post
                  FTFY
                  Cuckoo clocks are a German invention, dummkopf...

                  His heart is in the right place - shame we can't say the same about his brain...

                  Comment


                    #10
                    Originally posted by AtW View Post
                    Unrestricted source.
                    Down with racism. Long live miscegenation!

                    Comment

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