EU to move key agencies from London to France and Netherlands when UK leaves - Polidicks

[url]http://www.independent.co.uk/news/uk/politics/brexit-latest-netherlands-amsterdam-ema-benefit-eu-agencies-relocate-from-uk-london-european-council-a8066191.html[/url] [quote] France and Netherlands will benefit from Brexit at the expense of the UK, as key EU agencies previously hosted by Britain are moved abroad. The European Council announced the new location of the European Medicines Agency will be Amsterdam, and the European Banking Authority will move to Paris, after a meeting in Brussels on Monday. Over a dozen EU member states lobbied vigorously to be the new hosts of the two regulators, which are sought after because of the benefits they bring for local employment, their function as a hub for their industries, and for their prestige. [/quote]

[quote]EU to move key agencies from London to France and Netherlands when UK leaves[/quote] *if. I don't think it's going to happen.

[QUOTE=download;52910328]*if. I don't think it's going to happen.[/QUOTE] I think we all know it's going to happen at this rate.

[QUOTE=download;52910328]*if. I don't think it's going to happen.[/QUOTE] I'd [I]like[/I] to think it's not going to happen but the UK's government has been pretty persistent on taking the dumbest possible course of action over the past year no matter the cost so unless there's a drastic restructuring sometime soon, I'm not getting my hopes up

Can't see it won't happen. I haven't heard of a political movement in the UK to change that.

[QUOTE=download;52910328]*if. I don't think it's going to happen.[/QUOTE] "If we don't pass this, our electorate will abandon us."

[QUOTE=Sableye;52910474]"If we don't pass this, our electorate will abandon us."[/QUOTE] They haven't had much lack passing it though.

This was inevitable once Article 50 was triggered. Someone still think the UK will come out of this on top, anyone?

[QUOTE=Coolboy;52910681]This was inevitable once Article 50 was triggered. Someone still think the UK will come out of this on top, anyone?[/QUOTE] There is someone, they may have already posted in this thread..

[QUOTE=F.X Clampazzo;52911059]There is someone, they may have already posted in this thread..[/QUOTE] Yes, I have heard (and debunked) Boilrig's "Bootstrap via Dubai" [del]wishful thinking[/del] theory before. If that is what you are referring to.

[QUOTE=F.X Clampazzo;52911059]There is someone, they may have already posted in this thread..[/QUOTE] [QUOTE=Coolboy;52911075]Yes, I have heard (and debunked) Boilrig's "Bootstrap via Dubai" [del]wishful thinking[/del] theory before. If that is what you are referring to.[/QUOTE] There is nothing wrong with being optimistic in regards to an EU trade deal and then future trade deals on top of that.

[QUOTE=Boilrig;52911187]There is nothing wrong with being optimistic in regards to an EU trade deal and then future trade deals on top of that.[/QUOTE] What does the UK offer to the EU that they'll want to give them a deal that was even equal to the deal they had before leaving the EU? The EU specifically wants to discourage member nations from leaving, or else it'll just be the E. The EU is a trading bloc that the UK will have to deal with collectively, so just what kind of deal do you expect them to offer? It is true that the UK would be able to strike up deals with other nations independent of EU interference, but these deals can take years to settle. In the intervening years, !FUN! times for the plucky little isles. And this is without even considering the potential !FUN! that a Troubles II: Brexit Hard Irish Border Boogaloo could cause, because that's a whole other topic. This transcends optimism. Empire is a helluva drug.

[QUOTE=Boilrig;52911187]There is nothing wrong with being optimistic in regards to an EU trade deal and then future trade deals on top of that.[/QUOTE] You sure you are not crossing from optimistic into delusional territory? The financial sector benefits from larger economic blocks greatly and are very mobile into shifting headquarters if it benefits them more then staying, you underestimate greatly the impact this will have on the UK. Especially if they don't stay within the EU economic zone thingy. The UK paired with the Crown (which has some special jurisdiction on islands being outside of the EU) is or was a great entry into the EU for international banks and so on, and they are about to lose this key advantage. How in the world can that be compensated?

Optimistic is hell of an interesting spelling for delusional. Must be the pre-colonial-break-up spelling.

Yeah sure some agencies had to be transfered, but the mechanics to vote where to transfer the EMA was utter bullshit: [url]https://www.ansa.it/english/news/2017/11/20/milan-loses-ema-to-amsterdam-after-lots-drawn-4_ff79975d-e1d8-4e04-b80e-0277f35b22c3.html[/url] [quote]Milan lost the European Medicines Agency after lots were drawn after it finished tied on 13 votes with Amsterdam in the third and final vote Monday. [/quote] I am not gonna quote the whole article since half of it is politician rant, but it's kinda bollock that they picked it by drawing lots.

[QUOTE=enricociccio;52911381]Yeah sure some agencies had to be transfered, but the mechanics to vote where to transfer the EMA was utter bullshit: [url]https://www.ansa.it/english/news/2017/11/20/milan-loses-ema-to-amsterdam-after-lots-drawn-4_ff79975d-e1d8-4e04-b80e-0277f35b22c3.html[/url] I am not gonna quote the whole article since half of it is politician rant, but it's kinda bollock that they picked it by drawing lots.[/QUOTE] It was for a tie-breaker. How else would you say they would resolve a tie? There was one country abstaining from the vote though.

[QUOTE=Boilrig;52910389]I think we all know it's going to happen at this rate.[/QUOTE] At what rate?

[QUOTE=download;52910626]They haven't had much lack passing it though.[/QUOTE] is there a bill that has been agreed upon by both parties? last i checked May was shedding people left and right while the EU negotiations were stalled and they still haven't gotten to the North Irish problem

[QUOTE=Killuah;52911506]At what rate?[/QUOTE] The rate that negotiations are moving forward, as well as no big holdup on the UK side. Border is an issue, but the money is the bigger focus for the EU. [QUOTE=Sableye;52912417]is there a bill that has been agreed upon by both parties? last i checked May was shedding people left and right while the EU negotiations were stalled and they still haven't gotten to the North Irish problem[/QUOTE] We won't really know whats happening until the next meeting in December with the EU.

[QUOTE=Boilrig;52912698]The rate that negotiations are moving forward, as well as no big holdup on the UK side. Border is an issue, but the money is the bigger focus for the EU. We won't really know whats happening until the next meeting in December with the EU. But signs currently look promising.[/QUOTE] how do you think they look promising for your mentality literally nothing is pointing in this working as you have said it will for over a year you're being extremely obtuse to say "i don't care what the experts say, I know best" [editline]21st November 2017[/editline] then again, that's how Brexit happened.

[QUOTE=HumanAbyss;52912707]how do you think they look promising for your mentality literally nothing is pointing in this working as you have said it will for over a year you're being extremely obtuse to say "i don't care what the experts say, I know best" [editline]21st November 2017[/editline] then again, that's how Brexit happened.[/QUOTE] Going off recent comments from both sides as well as the movement on the EU side to move onto the trade topic even though the UK hasn't really moved at all. There is movement if you've been watching, but may appear slow due to meetings actually being held very far apart. [URL]http://www.euronews.com/2017/11/20/barnier-eu-ready-to-offer-uk-ambitious-post-brexit-trade-deal[/URL] That months ago it wasn't even on the table, to the fact it is now, even at a cost we knew would happen, shows progress.

We didn't get one of the agency's unfortunately.

[QUOTE=BlackMageMari;52912804]We didn't get one of the agency's unfortunately.[/QUOTE] No, but you will be getting a lot of satellite offices of the banks.

[QUOTE=Boilrig;52912821]No, but you will be getting a lot of satellite offices of the banks.[/QUOTE] ONLY IF that happens. Which would still greatly damage the UK if Banks move their HQ's back into EU countries.

[QUOTE=Coolboy;52916687]ONLY IF that happens. Which would still greatly damage the UK if Banks move their HQ's back into EU countries.[/QUOTE] It will still damage the UK, but they themselves still see UK being the financial center regardless as those banks are splitting into different countries across the EU and not centralising.

[QUOTE=Boilrig;52912738]Going off recent comments from both sides as well as the movement on the EU side to move onto the trade topic even though the UK hasn't really moved at all. There is movement if you've been watching, but may appear slow due to meetings actually being held very far apart. [URL]http://www.euronews.com/2017/11/20/barnier-eu-ready-to-offer-uk-ambitious-post-brexit-trade-deal[/URL] That months ago it wasn't even on the table, to the fact it is now, even at a cost we knew would happen, shows progress.[/QUOTE] 1 year in, and there's been zero progress on the deal. Nothing has been agreed to, and Ireland is now seriously threatening to tank everything unless the north irish problem is settled, and it can't be because they can't because the core of brexit is a hard border, and ireland will not stand for a border on the isle. also the deal has to be wrapped up by 2019

[QUOTE=Boilrig;52917894]It will still damage the UK, but they themselves still see UK being the financial center regardless as those banks are splitting into different countries across the EU and not centralising.[/QUOTE] But why should they stay, if Britain looses fucking access to the EU as an economic block, they lose a major advantage. UK in itself is not nearly important enough to be a financial center, the integration with EU is their biggest marketing chip. Why should banks inconvenience themselves and risk losing profits due to being in a country that would have to pay taxes and tarifs now to enter EU markets like any other country outside of the EU? The UK is even worse of considering there are other trade aggrements already in place with the EU. Your argument falls apart with those basic questions. With less economic access and hypothetical trade agreements that can take years to make and UK being in a worse negotiating position, the UK gaining their economic strength back to before-Brexit levels is delusional.

[QUOTE=Coolboy;52918866]But why should they stay, if Britain looses fucking access to the EU as an economic block, they lose a major advantage. UK in itself is not nearly important enough to be a financial center, the integration with EU is their biggest marketing chip. Why should banks inconvenience themselves and risk losing profits due to being in a country that would have to pay taxes and tarifs now to enter EU markets like any other country outside of the EU? The UK is even worse of considering there are other trade aggrements already in place with the EU. Your argument falls apart with those basic questions. With less economic access and hypothetical trade agreements that can take years to make and UK being in a worse negotiating position, the UK gaining their economic strength back to before-Brexit levels is delusional.[/QUOTE] If you've been following the news, the banks themselves still want to remain in London and that is actually due to the city itself that is basically built for them and why they all have chosen different countries to do EU offices in, and also why you don't see any major pull out because they still operate from the UK to other countries, not just the EU. They are also looking into future operations of UK trade deals and being able to more freely reach into those countries. At this point I don't even see a full withdrawal coming into play, some of the banks are attempting satellite offices as a way to exist within the EU, but also not at the same time. Also [URL]https://archive.fo/ssiOi[/URL] is pretty interesting. Will the UK hurt, yeah, but in no way will its financial services industry collapse.

[QUOTE=Boilrig;52918881]If you've been following the news, the banks themselves still want to remain in London and that is actually due to the city itself that is basically built for them and why they all have chosen different countries to do EU offices in, and also why you don't see any major pull out because they still operate from the UK to other countries, not just the EU. They are also looking into future operations of UK trade deals and being able to more freely reach into those countries. At this point I don't even see a full withdrawal coming into play, some of the banks are attempting satellite offices as a way to exist within the EU, but also not at the same time. Also [URL]https://archive.fo/ssiOi[/URL] is pretty interesting. Will the UK hurt, yeah, but in no way will its financial services industry collapse.[/QUOTE] Good job not addressing my points at all. First off, that initial resistance exists of moving away is clear, companies, banks would like to stay because there is some will and upfront cost involved to actually move, but the path of least resistance/profit maximisation is always evident, if you don't get the economic advantage someone else will, being able to compete better. Which is also why those try a compromise with satellite offices, other trade agreements and arrangements and so on. (Which is not surprising since that is their entire foundation to operate on) Leading to the UK not being the centre of the core financial operations anymore, and again, Why shouldn't they? And your article just goes into the legal ramifications of post-Brexit, not entirely clearing out all points made either and uncertainty is not really welcome in the financial world. Your argument of an uncertain future somehow being beneficial to the UK is easily debunked with this: The UK is in a worse position without the EU and without an existing framework of trade deals to fall back on. If you get dealt a bad hand the outcome shifts towards the negative. So stop trying to argue against common sense and statistical truths.

[QUOTE=Coolboy;52918972] First off, that initial resistance exists of moving away is clear, [/QUOTE] Some have made it clear of moving jobs, some have stood their ground, its expected. [QUOTE=Coolboy;52918972] companies, banks would like to stay because there is some will and upfront cost involved to actually move, [/QUOTE] Yes, that plays a part, but as I said, London also plays a major part of that and why they enjoy to operate there, because if they wanted to operate in Europe, they would've moved there ages ago, so the city plays a part. [QUOTE=Coolboy;52918972] but the path of least resistance/profit maximisation is always evident, if you don't get the economic advantage someone else will, being able to compete better.[/QUOTE] Yes, which is why it appears to be splitting between the UK and EU to try and maintain the best of both worlds or else someone else will simply step into compete. [QUOTE=Coolboy;52918972] Which is also why those try a compromise with satellite offices, other trade agreements and arrangements and so on. (Which is not surprising since that is their entire foundation to operate on) [/QUOTE] Best of both worlds. [QUOTE=Coolboy;52918972] Leading to the UK not being the centre of the core financial operations anymore, and again, Why shouldn't they? [/QUOTE] Even the banks have made it clear that it will still remain the financial center, as theres currently no reason it wouldn't be moving forward. We still don't know what will happen to the Euro clearing houses, and considering the country split currently, theres no suitable alternative for any EU country to become 'the financial center'. [QUOTE=Coolboy;52918972] And your article just goes into the legal ramifications of post-Brexit, not entirely clearing out all points made either and uncertainty is not really welcome in the financial world.[/QUOTE] It was just an interesting article with an interesting view point. [QUOTE=Coolboy;52918972] Your argument of an uncertain future somehow being beneficial to the UK is easily debunked with this: The UK is in a worse position without the EU and without an existing framework of trade deals to fall back on. If you get dealt a bad hand the outcome shifts towards the negative.[/QUOTE] Technically it falls to WTO rules, and for trade deals with other countries, it can actually ask for those countries to accept a temp trade deal based on the EU one if that country has one. [QUOTE=Coolboy;52918972] So stop trying to argue against common sense and statistical truths.[/QUOTE] ?