French president Nicolas Sarkozy, furious that the British were lobbing in their own last-minute demands when everyone else was there to save the euro, told the prime minister: \”You can\’t have an offshore centre taking Europe\’s capital.\”
1) It ain\’t Europe\’s capital. It might belong to copmpanies, individuals, pension funds, whatever, but it doesn\’t belong to a continent. Not even to a political structure.
2) The City doesn\’t \”take\” capital. It allocates it. It\’s a conduit, that\’s all.
We should follow the first and second Mrs. Sarkozy and divorce the pint sized ignorant.