“These things can go on for a long time — until they can’t…”
Oh the irony: EU capitals are trying to attract the very institutions that caused some of the worst financial scandals of the last ten years.
Even after all the WannaCry hoopla in May. US companies too!
Even the “elite” is not totally on board.
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.
From the Doom Loop to the Black Hole.
Bundesbank: It’s a war on personal freedom and choice.
Just How Low Can European Governments Go in Post-Brexit Courtship of Financial Firms?
To keep a financial system and currency union from collapsing on each other.
The ECB would do so at its own peril.