This is a case of “I really want him back, but I’m kinda outta luck” it’s a song by – sic – Illuminati singer Lana DelRey: she kills her pimp, the poor prostitute and then says “My daddy is in the trunk of his brand new truck: I really want him back, but I’m kinda outta luck” Link
So the EU’s arrogance will kill every deal-with-the-UK possibility, now they’re trying to bully the Swiss – no one can – and this is the retaliation of Switzerland the neutral country; I translated for you an article from the website Scenari Economici – “Economic Scenarios” in Italian – a philo-governative super-blog focused on economy whose main author is Professor Antonio Maria Rinaldi.
Author: Guido da Landriano
“The European Union wants to treat Switzerland as a colony, but the Swiss are not there!
A colonial power behaves towards the colonies with conclusive acts, ultimatum, executive orders and laws. The motherland makes a law and the colony applies it, and this is the Union’s desire for Switzerland, which does not yield.
Let’s go by order. The European Union had negotiated an equivalence agreement with several foreign countries, including Singapore and the USA, so that there would be a normative correspondence and the authorizations between the different stock exchanges. This authorizes European banks to operate on foreign stock exchanges without specific authorizations, and vice versa. Only that while the agreements with the US and other nations were made without a deadline, the one with Switzerland was given the deadline of 31/12/2018. A new agreement should have come into force as of 1/1/2019. pity that there has never been a negotiation: the Union has sent its proposal and ordered the Swiss to accept, giving as a deadline on December 7th. An authentic ultimatum, after which, without an approval signed by the 11th of December, there will be “Retaliations”, also because, in the most perfect Europeanist style “This is the most advantageous agreement you can get”, a little in the same way that the Godfather spoke of “An offer that you can not refuse”. A head of a horse will probably also have arrived at FINMA, the Swiss control body on the stock exchange.
I would like to point out that Switzerland had not refused to sign but had previously consulted with its operators and traders in order to know their opinion, but this does not seem to be part of the Union’s programs: after all it is the best possible agreement, so what is there to discuss? The best can not be improved. The inaction will then respond by prohibiting European banks from trading on Swiss stock exchanges, SIX and BX Swiss. Unfortunately in Switzerland they do not think the same way and have already prepared a legal framework to deal with European sanctions, a framework that responds blow to blow to European sanctions. First of all, European banks will be authorized to operate on Swiss stock exchanges, but under the supervision of FINMA, which may remove their authorization to operate. Furthermore, the negotiation of Swiss shares on European stock exchanges will be prohibited, according to a reciprocity factor.
There will certainly be economic consequences: it is possible that some Swiss companies will have less liquidity, even if, as a counterpart, the activities of the European banks’ trading offices in Switzerland will increase. from the moral point of view, however, is yet another case in which the Union behaves like an imperial, anti-democratic and colonial power, with which the only negotiation is the refusal of submission. The Swiss have succeeded, will the other Europeans understand this?”
Thanks Guido, but now certainly, Farage would say “they have bitten off more than they can chew” I can perfectly remember that the only serious problem for Hard Brexit wasn’t certainly the trucks supposedly waiting in Dover port, which problem was overstated recently, if you don’t want checks you just don’t check and let pass and even the 6 months assessment period was declared exaggerated by businessmen
but the problem was the famous passport for the City operators: that’s the passport the EU gives you. I don’t believe City traders will ever accept this. The City will probably want Hard Brexit like the fishermen. Can you see them swallowing the prohibition to operate on the Swiss Stock Exchange because of the deal of May or Norway Style Soft Brexit? they’ll want to cut the leash and stop. Whatever the case, if they hang on the EU they are wrong.
Welcome to the City: at this point I think, God wants Brexit.