Brexit

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The future of an estimated 100,000 jobs has been plunged into doubt after a close political ally of the German chancellor, Angela Merkel, and president of the European commission, Jean-Claude Juncker, warned that a prized sector in the City of London must relocate to EU soil after Brexit. Manfred Weber, the leader of the centre-right European people’s party – the largest political group in the European parliament, to which both the German chancellor and the commission president belong – told reporters that euro-denominated clearing could no longer be undertaken in the City when the UK leaves the EU.

Up to 100,000 UK jobs at risk as Merkel and Juncker ally warns on euro clearing | Politics | The Guardian

With the clock now ticking on two years of Brexit negotiations, Poland looks more vulnerable to a painful divorce between the U.K. and European Union than anywhere else. Poland is the biggest net recipient of EU aid and also the continent’s largest provider of cross-border labor. And it’s in the arrivals halls at provincial airports like this former military base 160 kilometers (99 miles) north of Warsaw where those two things meet.

Brexit’s Biggest Loser May Actually Be Poland - Bloomberg

Some would decry the stuff below as another round of meddling by those bureaucrats from Brussels adding red tape and unessesary rules and regulations that restrict wealth creation, but it's simply creating an EU wide level playing field which boost economies of scale, competition, specialization, you know, the stuff that gets economies growing.

Europe needs to push ahead with plans to harmonize capital markets and regulation or risk losing out to American competitors, Deutsche Bank AG’s Chief Executive Officer John Cryan said Thursday. “It’s important from a global perspective that Europe build a counterpoint to the American capital markets machine,” Cryan said at a conference hosted by the German Banks Association in Berlin. If Europe can create a more unified financial market “we put ourselves on a better footing to be able to compete with the American machine,” Cryan said.

Cryan Urges EU Harmonization to Keep Up With `American Machine' - Bloomberg