The ‘giddy’ effect of newly elected Emmanuel Macron is said to be blamed for the new French plot to ‘actively disrupt’ the City [Getty Images]
A leaked memo says French bankers are plotting to ‘actively disrupt’ the City
The London financial centre is worth £66 billion a year to the Treasury
The City’s Brexit envoy says Macron has declared ‘open war’ on the Square Mile
French representatives are now offering firms big money to move to Paris
France has boasted to City of London chiefs that it will use Brexit to sabotage the British economy, according to a bombshell leaked memo.
The memo, sent to Ministers, says the French government and banking chiefs are plotting to ‘actively disrupt and destroy’ the UK’s multi-billion-pound financial sector when Britain leaves the EU – even if France gains nothing.
And now we see the Èlysée Palace has buckled under pressure and capitulated to the (upcoming) Fourth Reich.
PARIS/BERLIN (Own report) – Berlin is loudly applauding French President François Hollande’s adaptation of Germany’s model of austerity. His announcement of a cutback in public expenditures to clearly favor business, could “only be seen as good news,” declared Foreign Minister Frank-Walter Steinmeier. German media point to the fact that Hollande has announced measures that – in certain aspects – are modeled on Germany’s “Agenda 2010,” which had been developed by the Federal Chancellery under the auspices of Frank-Walter Steinmeier, at the time, Federal Chancellery Chief of Staff under Gerhard Schröder. It had enabled Berlin to consolidate its economic predominance over Europe. Whether Paris will be able to imitate the German austerity policy is unsure. Hollande’s predecessor, Nicolas Sarkozy had tried, but he lost the presidential elections in the spring of 2012. Notwithstanding, in Berlin further steps to cut back on social welfare achievements are again in discussion. Yesterday, German President Joachim Gauck complained that the term “neo-liberal” has a negative connotation, which must be changed. Continue reading →