Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-07-06-Speech-1-089-000"

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"Mr President, I would just like to say that the most successful capital market in the European Union is the City of London, and if the European Union is going to inflict more regulation and annoyance on that institution, many of the world-wide companies who invest there will go abroad. They will set up in Singapore or Hong Kong or somewhere else. They will not remain within the European Union. The euro, which was a political currency and not an economic currency, is on the frontiers of leading to a Grexit, with Greece leaving the European Union and the euro. The imposition of these financial rules on the City of London will very soon lead to a Brexit, and that, I believe, will be the end of the European Union. That may not upset my party very much, but you gentlemen are heading for disaster. Yet again you never learn. You have not learned from the euro and you will not learn from this."@en1
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