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Originally Posted by Osem
Eh? The EU is facing huge social and economic problems which haven't been present or part of any 'project fear' for the last 25 years. The main reason being it's insistence on expansion into nations which aren't compatible with a one size fits all economic policy and a single currency. You talk as those there'll be no costs or risks to the EU if the likes of Greece are forced out of the Euro - they'll just leave and go on their merry way along with all the others whose economies are being propped up. I suppose there are no social risks either - consequences of mass unemployment in Spain, for example or Merkel's open door.
I've never pretended that leaving the EU is risk free or a panacea for all our ills but presenting the risks/costs as being solely on the side of leaving the EU is patent nonsense.
It seems from your opening remark that you perceive Brexit as a bad thing and aren't prepared to admit that staying in could just turn out to be far worse. You're entitled to that opinion of course but please don't try to present the alternative to Brexit as somehow being a safe option. It clearly isn't.
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It's all about relative risk. There is always a risk in doing something and a risk in not doing something. How risky is leaving the EU compared to the status quo? In this instance, the overwhelming view is that leaving the EU is riskier than staying within it. This is demonstrated by the Pound's substantial devaluation so it's an aggregated opinion of millions of decision-makers and not just me.
For a Brit living in Gibraltar, things have never felt more uncertain. For the millions of retired ex-pats in France and Spain concerned about their healthcare access, things are equally uncertain.
In terms of the Euro, having weaker economic countries in the Eurozone has advantages and disadvantages. It helps Germany maintain a competitive manufacturing economy which would likely have shifted eastwards if it had retained its own currency.
---------- Post added at 13:32 ---------- Previous post was at 13:26 ----------
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Originally Posted by Pierre
Plus it's geographically closer to New York and has recently had two new high capacity cables Trans-Atlantic communications connecting to the USA.
I think Dublin would trounce Frankfurt and Paris as the logical choice.
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Each bank will have different circumstances. HSBC owns a large French investment bank so is gearing up to move 1,000+ jobs to Paris. Other French- and German-owned banks may favour their home countries or be leant upon to favour them.