The Next European Financial Capital: London

The race to succeed London as the next European financial capital is on. “We know that groups based in the City are planning to leave for Dublin, Amsterdam, Frankfurt, and Paris,” French Prime Minister Manuel Valls told journalists on July 2. Other EU countries are also intent on stealing financial services jobs from the United Kingdom post-Brexit. Even the economic minister of Bulgaria, the European Union’s poorest country, invited City of London escapees. In reality, however, London will remai

Source: Peterson Institute (PIIE)