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How Christine Lagarde planned to use EU rules to force business from London to Paris — 7 years before Brexit





Christine Lagarde, Managing Director of the International Monetary Fund, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018.

  • Kay Swinburne MEP: “My French colleagues were obviously on a mission from 2009 to try and actually get, before Brexit, as much back to Paris as they could.”
  • Swinburne helped counter Lagarde’s efforts to force business out of the City by drafting reports that supported the business being done in London.
  • Swinburne helped “set the scene” for Mifid II, EU financial legislation that has just come in and “could have been a lot worse.”
  • Current efforts to force euro-denominated clearing out of London and into the eurozone post-Brexit “run counter to the global thinking,” Swinburne said.

LONDON — International Monetary Fund chief Christine Lagarde read more >>>

Source:: BusinessInsider.Com

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