tag:blogger.com,1999:blog-36227136.post2765209545917034582..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: MEPs reject plans for controversial fund managers' bonus capOEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-36227136.post-20973045194464483732013-07-04T12:14:12.954+01:002013-07-04T12:14:12.954+01:00It seems to me that the UK's voice is only hea...It seems to me that the UK's voice is only heard / used to stop the most STUPID of idea's from happening.<br /><br />Imagine that we were nothing to do with this stupid institution and didn't have to fight and shout just to stop stupid things from happening!<br /><br />It is the way the EU works, they put forward really stupid idea's so we end up putting up with a compromise that shouldn't have to happen in the first place!<br /><br />Get Us Out!Anonymoushttps://www.blogger.com/profile/05164663365435838946noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-43414333302489689952013-07-04T10:58:06.234+01:002013-07-04T10:58:06.234+01:00Still most people donot grasp that there is a diff...Still most people donot grasp that there is a difference between the local stuff and the international ones.<br /><br />Local: basically we see local banks (or departments of larger banks). Usually overstaffed (and the overstaffed are considerably overpaid as well), coststructure way too high, number of branches ridiculous. <br />These banks should be made efficient (they take simply too much from GDP for what they deliver), probably by more real competition (and not the oligopoly it is now).<br />If necessary via regulators like with telecom in some countries forcing them to reduce prices. Can relatively easy be done as these banks donot have an alternative and so do their generally overpaid employees.<br />Here the main problems did arise btw, look at the EZ (mainly local stuff that got into trouble usually because they thought they were the next GS).<br /><br />International is a different sport. Huge international competition and very flexible. They can relocate in a couple of years if necessary.<br />Generates a lot of EU (mainly UK) income.<br />You have to be much more careful with that.<br />Of course there should be regulation (and probably better one than now) but they should also remain competitive. <br />Little use to chase them away from a risk pov as well btw. Basically the same things will keep happening only out of your jurisdiction (so you have much less grip on it). And that the new country of residence will save them if it is a smaller country or a tax haven forget it. Riskprofile simply doesnot look better only the jobs and other revenue bringers are gone).<br /><br />Basically these 2 sorts need different rules to make it work, for obvious reasons. At least obvious to me.<br /><br /> Riknoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-32774051572144406842013-07-03T14:46:29.733+01:002013-07-03T14:46:29.733+01:00Debunks the FT myth that the Tories lost influence...Debunks the FT myth that the Tories lost influence when they left the EPPAnonymousnoreply@blogger.com