Brexit, the economy and house prices (Part 3)

A_Medium_Size_Jock

Breaking news; following my post a few days ago regarding Amnesty International's condemnation of EU relocation of asylum seekers comes this:

The European Union is working on a new scheme to resettle at least 50,000 refugees and hopes it will help more asylum seekers from Northern Africa find new homes in Europe. The European Commission says it has set aside 500 million euros ($587 million) for the effort. It wants refugees in Libya, Egypt, Niger, Sudan, Chad and Ethiopia to be the focus.

http://www.foxnews.com/world/2017/09/27/eu-seeks-to-resettle-more-refugees-from-north-africa.html

http://punchng.com/breaking-eu-unveils-plans-to-take-50000-refugees-from-africa-mideast/

Good news indeed for those genuinely seeking refuge and to be commended as a positive step - but is it too little, too late?
50,000 over two years is only around half of Italy's arrivals this year alone, never mind Spanish or Greek arrivals too.
Also we have seen that many of these "refugees" are in fact younger male economic migrants; whilst I would hope otherwise I do not see this plan stopping their attempts.

System

cogito wrote: »

Have you been asleep? Macron was merely repeating what Juncker, Schulz and others have been saying for a couple of years.

The army probably won't happen. Can you imagine how they might respond to an attack? Call a summit of the 27, spend a few weeks debating it and then surrender. Or they might invade Poland for disobeying them.

Quite. Repeating something doesn't increase the odds of it happening.

A_Medium_Size_Jock

With talk of things Canadian so evident today, here's an unconnected report from Canada:

"Who’s afraid of Brexit? Here’s why Canadian fintechs are flocking to London"

Though the looming Brexit has put a damper on all things to do with the U.K., Wealthsimple is one of at least five Canadian fintechs making moves across the pond in recent months in response to the U.K.’s increased efforts to attract fintech investment and a collaboration between the Ontario Securities Commission and its local counterpart to facilitate fintech expansion.

http://www.nationalpost.com/afraid+brexit+here+canadian+fintechs+flocking+london/14743836/story.html

System

Long article but worth reading down to the bottom to ensure a boarder view

However, as the possibility of a hard Brexit becomes more real — with London-based financial services firms potentially losing the ability to hire EU nationals or conduct business with the rest of the continent — many fintechs have started looking for potential alternative locations for their operations, Anna Scally, KPMG partner and fintech leader in Ireland, said in the report.

“While regulators are pushing major banks and insurers to come up with a ‘Plan B,’ fintechs haven’t had to be as quick to make decisions,” she said. “But expect to see fintechs increasingly focused on examining their options over the next six months.”

One prominent London-based fintech unicorn (a company valuation of more than $1 billion) has expressed second thoughts about setting up in the U.K. after the Brexit vote in June 2016.

In April, Taavet Hinrikus, chief executive of money transfer firm TransferWise, told an international fintech conference held by the U.K. Treasury in London that he might have chosen another city if he knew what was to come.

“If I was setting up TransferWise today, I probably would not choose London,” he said.

A_Medium_Size_Jock

But you missed the rest; this is the bottom and the broader view.

Wealthsimple also decided to push into the U.K. before the Brexit vote, but the outcome had no impact on the decision, Triebel said.
The company is also confident that Brexit won’t impede the company’s eventual expansion into the continent. "If and when we do decide to go to the rest of Europe, we have a contingency plan in place that will not be dependent on the passporting,” Triebel said.

System

A_Medium_Size_Jock wrote: »

But you missed the rest; this is the bottom and the broader view.

If you define broader as the opinion of one Canadian fintech chief exec then you're correct. Most would define the broader view as a mix of opinion and reasoning.

Out of interest did you read the whole article before posting or were you attracted to the headline like a moth to a flame. I know the answer by the way.

A_Medium_Size_Jock

’Catalonia will set a precedent for democracy in Europe and the Western world,’ said Assange

The founder of WikiLeaks highlighted that Spain has committed "several attacks on freedom of expression" and that those attacks are “pushing” Spain "towards a censorship similar to that in China”. According to him, “the world will observe closely what happens in Catalonia”.

http://www.catalannews.com/politics/item/catalonia-will-set-a-precedent-for-democracy-in-europe-and-the-western-world-said-assange

A_Medium_Size_Jock

ilovehouses wrote: »

If you define broader as the opinion of one Canadian fintech chief exec then you're correct. Most would define the broader view as a mix of opinion and reasoning.

And yet you yourself are the one who first mentions the "boarder view" (sic):

ilovehouses wrote: »

Long article but worth reading down to the bottom to ensure a boarder view

cogito

A_Medium_Size_Jock wrote: »

’Catalonia will set a precedent for democracy in Europe and the Western world,’ said Assange


http://www.catalannews.com/politics/item/catalonia-will-set-a-precedent-for-democracy-in-europe-and-the-western-world-said-assange

Come on, Jock. Julian Assange? You can do better than that.

A_Medium_Size_Jock

cogito wrote: »

Come on, Jock. Julian Assange? You can do better than that.

But that is from Catalannews.com - and I have been commenting upon happenings there for a while.
Think what you must about him but can you disagree with Assange that 'Spain’s repression against Catalonia is "very serious" ' ?
Or 'that Spain has committed "several attacks on freedom of expression" '?


You would prefer Politico maybe?

“Francoism didn’t die on November 20, 1975, in a bed in Madrid,” Gabriel Rufi!n of the separatist Catalan Republican Left (ERC) party, tweeted a few days after the fractious debate. “We tell the world that Franco died on October 1, 2017, before a ballot box in Catalonia.”

http://www.politico.eu/article/catalonia-referendum-independence-nasty-side-question-deepens-rift-between-two-spains/