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**Arexytece** · 03-29-2009, 09:15 PM

I'm not as optimistic as you, though I hope that you're right.

I think that this crisis has shown how fragmented Europe is, and it clearly heightened Continental suspiscion of Anglo-American ways. This, in my view (and that of many economists whom I know), will result in greater nationalism in Europe and, in turn, the strengthening of Europe's other regional centers like Frankfurt. People in France and Germany and elsewhere are suspicious of the casino culture that pervaded London and was epitomized by the AIM. (in fact, most of AIG's most reckless conduct eminated from its London office.) Indeed, Thacher's big-bang went from praise to an anathema in the course of one year.

Given the foregoing, I'd like to see the UK develop a plan to become a leader in green enery or technology of some sort. If it were just a regional financial center, it would be a disaster. It needs more high tech and high end manufacturing like the US, France and Germany have.

03-29-2009, 09:15 PM	#11
Arexytece Join Date Oct 2005 Posts 402 Senior Member	I'm not as optimistic as you, though I hope that you're right. I think that this crisis has shown how fragmented Europe is, and it clearly heightened Continental suspiscion of Anglo-American ways. This, in my view (and that of many economists whom I know), will result in greater nationalism in Europe and, in turn, the strengthening of Europe's other regional centers like Frankfurt. People in France and Germany and elsewhere are suspicious of the casino culture that pervaded London and was epitomized by the AIM. (in fact, most of AIG's most reckless conduct eminated from its London office.) Indeed, Thacher's big-bang went from praise to an anathema in the course of one year. Given the foregoing, I'd like to see the UK develop a plan to become a leader in green enery or technology of some sort. If it were just a regional financial center, it would be a disaster. It needs more high tech and high end manufacturing like the US, France and Germany have.
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