Monday, December 12, 2011

EU and UK come to blows through the VETO power, over the FINANCIAL SERVICE INDUSTRY SECTOR

The UK opts out and vetos any European Union Financial consolidation.

The UK revenues come to at least 10% of the UK budget from the financial services industry. London, U.K. is still the largest financial center in all of Europe. The UK government vetoed joining the EU in financial management. They fear quite rightly, an EU tax on financial transactions. Which would make the London financial center uncompetitive on the world scene and ruin their share of the world financial industry pie. As it is, the UK and the USA have been waging war on the smaller financial centers, around the world, through the OECD; trying to put them out of business, and sequester their share of the world market FINANCIAL SERVICES pie for themselves.

No comments: