Tag: City of London

07:26 Thursday 13th December 2012
Bigger Breakfast Show
BBC Radio Cambridgeshire

PAUL STAINTON: European leaders have agreed a new deal to bring the continent’s biggest banks under the control of a new Europe-wide banking regulator. Our business guru is Tony Bonsignore. Morning.
TONY BONSIGNORE: Morning.
PAUL STAINTON: Mmm. Mmm. Not everybody is going to be happy with this, are they?
TONY BONSIGNORE: No. Some people in the City of London are going to be rather worried about it, one would imagine, given that Europe’s banks seem to be coming together and Europe are agreeing shared responsibility for banks, and especially for bailing out banks when things go wrong. The problem is if you’re on the outside of that, the problem is you might lose business. You might suddenly look less attractive to people who might be thinking of placing their business with you. So maybe people in the City of London are a little bit worried. And also some Germans as well, who tend to end up bankrolling these things in Europe. They’re the ones who are most concerned within the single currency about what this means.
PAUL STAINTON: And isn’t it the first step along the road to federalisation?
TONY BONSIGNORE: Yes I think it is. I think this is .. the European Union are saying this is “an historic moment”. They’re saying it’s .. I’ve heard the Cypriot Finance Minister say it was a “Christmas present to the whole of Europe”. Now I’m not quite sure that’s an accurate way of describing it, but it certainly is a big moment, and the feeling is I think that we’re moving towards political union. This is an important first step. I think there’s so much to do, so much to be agreed, and so much to argue about.

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“Dragons steal gold and jewels, you know, from men and elves and dwarves, wherever they can find them; and they guard their plunder for as long as they live, and never enjoy a brass ring of it. Indeed, they hardly know a good bit of work from a bad, although they usually have a good notion of the current market value; and they can’t make a thing for themselves, not even mend a little loose scale on their armour”

The Hobbit.

“Daniel, who achieved three A-grades in his AS-levels last summer, is a pupil at a £4,000-a-term school in nearby Chelsea. However, he has changed schools twice since finding fame, amid rumours of bullying from jealous classmates.”
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Oh, Harry! The Undressing of Daniel Radcliffe