Cyprus-Forum.com

[Paul ZKTV]

Of course, it is an internal border to the EU. Perhaps it was a Freudian slip. Maybe, deep down, he's a European federalist!

i hope you mean Sigmund not Clement ...

[Tim Drayton]

The first legal challenge to the process of Brexit has opened. Government lawyers have said in court that there is no intention to trigger Article 50 of the Lisbon treaty before the end of 2016.

http://www.theguardian.com/politics/201 ... high-court

[Tim Drayton]

London is likely to lose its financial services passport, and investment banks that shift operations abroad quickly will benefit from a "first-mover advantage," according to a confidential Deutsche Bank briefing seen by Business Insider.

http://uk.businessinsider.com/confident ... oo&ref=yfp

[Paul ZKTV]

London is likely to lose its financial services passport, and investment banks that shift operations abroad quickly will benefit from a "first-mover advantage," according to a confidential Deutsche Bank briefing seen by Business Insider.

http://uk.businessinsider.com/confident ... oo&ref=yfp

https://www.youtube.com/watch?v=e61uC-5s9VU

Im walking backwards ....across the irish sea ....


There have been reports that civil servants were working on a deadline of Christmas this year while Theresa May has indicated that she wants to secure the support of the SNP leader, Nicola Sturgeon, before beginning the exit

That must be the day the pope gets married ,england win anything in football and MARS ATTACKS !!

[Robin Hood]

London is likely to lose its financial services passport, and investment banks that shift operations abroad quickly will benefit from a "first-mover advantage," according to a confidential Deutsche Bank briefing seen by Business Insider.

http://uk.businessinsider.com/confident ... oo&ref=yfp

That would be like jumping out of the life-boat back onto the deck of the sinking ship!

I say let Deutsche Bank have all of the Casino Banks!

Just a point: Do you know what bank assets are in practical terms? Google it.

Deutsche Bank CEOs “Shown Door” – World’s Largest Holder of Derivatives In Trouble?

The joint CEO’s of Germany’s largest bank, Deutsche Bank, the twelfth largest bank globally in terms of assets, unexpectedly announced their resignation over the weekend. Anshu Jain will resign at the end of this month, almost two years ahead of schedule while Juergan Fitschen will stay on until May of next year.

Deutsche Bank’s derivatives position is truly enormous. It was recently estimated to be around $54 trillion. Germany’s GDP, the fourth largest in the world, was a mere $3.64 trillion in 2015. Were Deutsche Bank caught off-side in its derivatives positions there is not a government or institution on earth that could bail it out and it could lead to contagion in the German financial system and indeed in the global financial system.

http://www.globalresearch.ca/deutsche-bank-ceos-shown-door-worlds-largest-holder-of-derivatives-in-trouble/5455296

The following does not exactly inspire confidence in Deutsche Bank either, does it?

http://www.thelocal.de/20160718/deutsch ... 0-branches

http://www.zerohedge.com/news/2016-07-1 ... equire-cri

http://www.zerohedge.com/news/2016-07-1 ... conditions

The IMF is not much better ...... and the ‘Remainers’ who lost the vote, still rejoice in posting gloomy forecasts!

IMF ‘clowns’ admit they got it wrong with Brexit doom and gloom warnings after saying the British economy will grow faster than Germany and France

IMF officials were labelled ‘clowns’ with ‘serious credibility problems’ last night after saying the British economy will grow faster than Germany and France in the next two years – only weeks after its doom-laden warnings about Brexit. After saying that leaving the European Union could trigger a UK recession, the International Monetary Fund now expects the British economy to grow by 1.7 per cent this year and 1.3 per cent next year. That is weaker than the 1.9 and 2.2 per cent growth forecasts before the referendum, but the UK is still set to be the second-fastest growing economy in the Group of Seven industrialised nations this year – behind the United States – and third-fastest next year, behind the US and Canada.

http://www.dailymail.co.uk/news/article-3698476/IMF-clowns-admit-got-wrong-Brexit-doom-gloom-warnings-saying-British-economy-grow-faster-Germany-France.html

[miltiades]

Of course the Daily Mail would say this. Not other sources however.

"IMF cuts UK growth forecasts following Brexit vote"
The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy’s short-term prospects and “thrown a spanner in the works” of the global recovery.

The IMF, which voiced strong misgivings about a vote for Brexit before the EU referendum, said it expected the UK economy to grow by 1.3% in 2017, 0.9 percentage points lower than an estimate made in its World Economic Outlook (WEO), in April.

While the fund is ruling out a full-blown recession, the analysis by one of the leading global economic bodies underlines the financial challenges facing Theresa May’s government during a period when slower growth will lead to lower tax receipts and a bigger budget deficit. "The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy’s short-term prospects and “thrown a spanner in the works” of the global recovery.

The IMF, which voiced strong misgivings about a vote for Brexit before the EU referendum, said it expected the UK economy to grow by 1.3% in 2017, 0.9 percentage points lower than an estimate made in its World Economic Outlook (WEO), in April.

While the fund is ruling out a full-blown recession, the analysis by one of the leading global economic bodies underlines the financial challenges facing Theresa May’s government during a period when slower growth will lead to lower tax receipts and a bigger budget deficit.
https://www.theguardian.com/business/20 ... rexit-vote

[Tim Drayton]

The IMF has just cut its forecast for UK growth:

“The U.K. economy will expand 1.7 percent this year, the IMF said, 0.2 percentage point less than forecast in April. Next year, the nation’s growth will slow to 1.3 percent, down 0.9 point from the April estimate and the biggest reduction among advanced economies.”

http://www.imf.org/en/News/Articles/201 ... %20Outlook

(I see Miltiades got in before me.)

[Paul ZKTV]

i could not see a single point in reply to myself and tim about the money exodus from london
quoting the LOCAL is like quote the happy shopper ...but it says - banks are being banks
Justifying the move to slash hundreds of branches, company spokesman Christian Sewing said that, with a growing number of customers doing their banking online, fewer people come to the branches to conduct business.
The bank said it hopes to redirect funds to digital banking, in which it hopes to invest €750 million by 2020.

the other posts are so obscure you might as well ask the bat keepers weekly to get a quote ...

the other day i paid a bavarian electric bill on line from a spanish bank ,both within SEPA
and charge was 60c - The Euro was made as the money for EUROPA and without the very good
conditions DC got and the pound out of the EEA ,then they can now get on with finishing a single
market ...Good Luck with the charges for using a POUND DEBIT card after the UK leaves ,as the
banks can charge what they like as it will be treated same as changing mexican pesos or china yuan

as for the DAILY MAIL ..history always repeats itself

german-jews-pouring-into-this-country.jpg

[Tim Drayton]

...
the ‘Remainers’ who lost the vote, ...

What are you saying - the majority is always right? In 1492 a chap called Christopher Columbus set sail to prove the majority wrong in thinking that the world was flat, and it turned out that the minority was right.

[Robin Hood]

...
the ‘Remainers’ who lost the vote, ...

What are you saying - the majority is always right? In 1492 a chap called Christopher Columbus set sail to prove the majority wrong in thinking that the world was flat, and it turned out that the minority was right.

Fortunately or unfortunately, whichever way you consider it .... that is called 'Democracy'. I am one that questions the usefulness of the Investment banks to the UK economy ...... I maintain that if you know how it works (like Columbus worked it out before he went .... on a hunch??) it is obvious they are a liability but I am in a minority ..... so does that mean in your logic I am right or wrong?

But you can see just on this forum, any chance to stick the knife into the UK and some welcome the chance and then claim they are doing it because they fear for the UK's future. I see that as doing the country down. One poster then plays the Jewish card (again) and goes back to the days of Imperial Airways (1930's) to make his point.(Although I am not sure what his point is!)

You posted an article in a newspaper that suited you, of a threat to the UK given in a 'confidential, leaked' document from a private meeting, in a German Bank that has huge problems ..... as well as having been fined billions for fraud. I just showed there are two sides to every argument.

Whichever way you look at the IMF report and whichever source you use ..... the IMF forecast was wrong, as these forecasts by experts most often are!