Grendel
Well-Known Member
What’s the difference between the European Bank and “British” banks Tony?
The EU: In, out, shake it all about.... (301 Viewers)
- Thread starter jimmyhillsfanclub
- Start date
What’s the difference between the European Bank and “British” banks Tony?
Grendel
Well-Known Member
Tony’s banking knowledge literally has me in so much laughter I’ve had to go to A and E as I’ve broke some ribs. His lack of understanding of the one factor that would bring the European Bank down versus the “british” banks is the stuff of legends.
Well done Tony
skybluetony176
Well-Known Member
Going of on a tangent again. No one has suggested anything like that. It’s like you answer a post with what you which the post had said so you can have an argument about it. You’re arguing with yourself and I don’t think you even realise it.
London has grown of the back of passporting. In fact you would have to be an idiot...
... wait. I’ve just remembered who I’m talking to.
skybluetony176
Well-Known Member
Tell us all about Karoshi. Resident Japan expert.
skybluetony176
Well-Known Member
What are you asking me for? Did I not just tell you I’m clueless. Ask astute. He can apparently tell you all you need to know on the subject.
The other link
Astute
Well-Known Member
Arguing with myself?
No. Just trying to educate someone who is or is acting like an idiot.
So London has had other countries catching up with it on the financial side since we were guided into the EU because of passporting?
You are so clueless that you will be going on about passporting changing colour after we leave the EU :smuggrin:
Astute
Well-Known Member
We all can see that you are clueless. Yet you still try to argue a point that doesn't exist. In fact several points. Then you expect to be taken seriously.
Astute
Well-Known Member
From the original post and not afterwards on the single link like you said.
But carry on Mart. Tony needs a hand here.
You are mad. London has grown with the EU. Why are they worried about losing passport rights? The EU haven’t fucked up on this. Nothing has happened and you don’t have a clue about what they are planning, or how far they have got. Do you honestly think that Banks in Europe are less informed and competent than yourself?
skybluetony176
Well-Known Member
You reply to posts asking questions that bare no relation to the post in question. You then answer your own questions. You’re very much arguing with yourself. You’ve just done it again.
From the post I answered and immediately corrected you.
skybluetony176
Well-Known Member
We can all see you’re clueless too. Difference is I’m not pretending I’m not. Unlike you.
Astute
Well-Known Member
Has it?
You will come out with any crap to make the EU look great and make out that it has made us great.
But since we got guided into the EU other financial cities have been catching us up.
How do you explain this if it is all down to the EU?
Astute
Well-Known Member
Bullshit.
So me trying to give you a clue about something is talking to myself?
Oh I get you now. Talking to you is like talking to yourself.
And you can't even keep quiet when you don't have a clue about something and are either unwilling or unable to learn.
Astute
Well-Known Member
As I said what am I supposed to be clueless about?
It pisses you off doesn't it. Next you will be saying that I am putting words in your mouth.
Just wish I could put knowledge into your grey matter.
Are you saying that the EU isn't heading towards a massive disaster.......Or a small splash in a big pond as you call it.
You certainly have had a lot to say on a subject you don't have a clue about.
What is the value of London as a financial capital today in revenue for the exchequer? What was it before the EU?
At what point did anyone say that London, the City, only exists because of the EU? Do you think sitting next to Europe and being a member of the EU is not advantageous?
It is not all down to the EU. It is only you that mentioned that. Saying that you don’t know how far the plans of European banks are, doesn’t make the EU look great. It just means you are jumping to conclusions after reading an article in a newspaper, and are not in a position to call the European banks incompetent ( as you call them ‚the EU‘ ).
Astute
Well-Known Member
Do you understand inflation and how it causes revenues/tax/earnings to go up?
And are you also trying to make out that London didn't do any good until we got put into the EU?
Cities around the world have been catching up with London since we got put in the EU. What is your excuse for that?
chiefdave
Well-Known Member
Be doing a lot better if SISU moved out!
Astute
Well-Known Member
Read an article in a newspaper?
I showed you a couple of days ago what Carney has said. And has been saying for most of the year. But now you are trying to reduce it to newspaper hearsay.
And best of all it wasn't from a newspaper. It was from one of the financial sites I read.
Yeah but no but yeah.......
Has anything happened? Are you more competent than the European banks? Does Carney know what is being planned?
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
Actually it sees to be a political thing more than an economic thing. In this Post it explains the attitude a bit. They don’t seem to be incompetent, more like refusing to change the rules to suit London. Firms are adapting, but they want the EU Commission to alter the rules. They don’t want to as they can keep control through ‚equivalence‘ which can at any time be revoked. Which is why Carney keeps coming up and wants to know what they are planning. It seems to hinge on whatever trade deal comes. Poker not incompetence.
skybluetony176
Well-Known Member
Thank you for demonstrating what I’m saying.
skybluetony176
Well-Known Member
And again.
Astute
Well-Known Member
You just don't get it do you.
This isn't anything to do with incompetence of EU banks. The vast majority if not all are very competent. And I haven't said any different.
OK Mart. So you are a midwife. You are a very good midwife. You are a competent midwife. But your bosses want you to do heart surgery. They have a few plans in place. You might not have been a midwife all your working life. But it isn't what you are experienced at. This doesn't make you an incompetent midwife. It doesn't mean that you couldn't become a heart surgeon. But if you were to become a heart surgeon it would take time. And it would take more than a few months.
Astute
Well-Known Member
He isn't.
EU good UK bad. We know the story. It is those running the EU that have said the EU countries won't be able to use London. Nothing has been done and time is running out. We are due to leave at the end of March. If there is no deal it will become a total mess. And as a minimum many billions will be lost.
Yeah not a problem.
Some people will just not admit that there could well be major problems for the EU and UK. They want to make out it is only the UK. And they are blind to the shortcomings of the EU.
Yet there is only one line you will read in here. The UK needs a deal the EU doesn't.
Just like the mess Italy is in. Yet if we leave without a deal we are their third largest market. About 24 billion a year. But of course they will be OK. So their country is run by people with a dislike to the EU. But they will be happy to risk all this trade? Mart will tell you that they are.
Astute
Well-Known Member
Ah so you are starting to understand. Yes political. Just like I have been saying. And as you know I have kept saying about it going together with a trade deal maybe. And if we crash out at the end of March it will create major problems.
The EU wants its own London. It would be in either Luxembourg or Germany. It could also be in Switzerland as they also have a base they could work off. But I can't see Switzerland being the favourite choice. They want companies to move to the EU.
But it isn't as simple as that. And the link you gave was only about a small part of it.
Then you have the problem of the workforce. They don't want to be in Germany or Luxembourg. They want to be in London, New York, Hong Kong or similar. Berlin might have a good chance in the future. But top bankers want to be in top banking cities.
Last edited:
Astute
Well-Known Member
Nobody knows what you are saying other than you admitting that you are clueless. Yet you still try and cause an argument instead of getting your head around what the problem is.
Take a step back. Then take your pro EU head off. Then read again. You will find it easier to understand. It isn't rocket science. It isn't complex.
The EU wants its own London. But it isn't an overnight thing. If we crash out of the EU without a trade deal it could end up being a bloodbath. The EU does not have the capacity, knowledge or systems ready to take on even a quarter of what London does for EU countries and companies. The EU rules outlaw it happening in London under present EU regulations.
Which part don't you understand Tony?
So back to what I keep saying. Will there be a trade deal to keep it all working? Do they need much longer to sort something out? Is this why they are saying we can keep as we are until 2020?
So why is it you are all over stories like planes might not be able to land or we might have lorry parks on motorways yet this is a non story?
Carney keeps on saying it because he wants the EU Commission to change the rules to make life easier for both parties, but they are putting that off and saying firms should adapt their deals to allow continuation Post Brexit.
Berlin is not a Banking centre. It was an island in the middle of a communist country for 50 years, so that was impossible. Frankfurt is the Banking centre. Frankfurt is no comparison to NY or London in size, night life, culture or „way of life“. Paris may be more attractive, but it is not English speaking.
You called the EU incompetent. It has told the financial companies to make their contracts to allow for Post Brexit conditions. It is under criticism from German regulators, not only Carney, but it is all part of the Brexit negotiations. The problem would not exist without Brexit. But knock the EU for not doing what the UK wants. We are leaving. Other countries want to make the best of it. I don’t know why you are surprised and ready to blame them for us becoming a third country and therefore voluntarily not complying with EU regulations. It is a UK problem and they are probably going to lose some future business. Bad EU, good Brexit.
skybluetony176
Well-Known Member
I love the way Mark Carney is all of a sudden the authority on brexit. Large parts of this thread is all about dismissing warnings that have come from Carney. Newspapers like the express blame Carney for pretty much every negative effect felt so far from brexit and Rees-Mogg has described him as a wailing banshee. Carney is exactly the type of expert that leave backers are apparently tired of listening to. Yet...
Carney thinks Brexit is a crap idea. Why don’t you stick to that argument? You say the EU is incompetent. The only people that appear to be very incompetent are the ones who voted for one of at least 4 Brexits without thinking about possible consequences. We should have a second referendum with 5 choices. The current 4 main leave options: Canada + ( ++, +++ ), Norway, Chequers and no deal ( all of which are not compatible with another ), with remain as the fifth option. Let the people choose. I think remain would win hands down and become the current will of the people. Any other version would be a minority version against the wishes of the majority. Democracy? Yeah but no but yeah...
Grendel
Well-Known Member
Is all this in response to the Bank of England statement on the impact on the EU of a hard Brexit?
Astute
Well-Known Member
You are so pro EU that you can't see the truth.
Something needs doing ASAP if you say that the EU are not suddenly going to negotiate. Because there is no way we will accept a bad deal for the UK. Even you say we should have a vote on the deal.
So you admit that those in Germany can see the harm it would cause as well as Carney. So is it true? Of course it is.
So then you now say it is all a part of a Brexit deal. You have spent the last two days saying I am wring for saying the same. Yes it could all be solved with a deal. What has made you change your mind? Yes it has all happened because of Brexit. What idiot has said differently? Yes Brexit was the start of it. But the EU saying that no EU country can use London after we leave has a major part to play in it. Or are you going to try and deny this?
The reason I said Berlin is people want to move there. It is a waste of time starting something major up in a city that doesn't have a big pull.
You need to take your pro EU whatever happens head off and look at the truth. This isn't EU bashing. This is stating facts. At least you now agree that it could well be resolved with a trade deal you have constantly said won't happen.