If Macron defies Britain about the banks, Paris and London to clash over ‘La Manche’

Emmanuel Macron addressing the European Parliament on the occasion of the International Day for the Eradication of Poverty. 19/10/2016. © European Union 2016 – Source : European Parliament, Brussels.

None of the two winners of yesterday’s first round in the French Presidential election, the pro EU banker Emmanuel Macron (23.9%) and the anti-EU and xenophobic Marine Le Pen (21.4%) is to make things easier for their country. However, the same is true for the British PM Theresa May. The latter’s decision to call an early election for 8 June in order to support a hard Brexit, negatively surprised the entire European Continent and the world. Only days before she had absolutely excluded such an eventuality.

The sure victory of the stout European Macron on the night of 7 May, though, can pose grave problems for Brexit, because he surely will protect the interests of the financial sector. May’s government is at odds and has practically no contact with the global banking community stationed in London. Let’s dig a bit deeper into the repercussions of the highly probable Macron – May confrontation, over the role of the financial sector in the real economy.

May’s decision to call an early election is an infallible sign of the grave problems her Brexiteer government faces, in complotting a wild divorce with the European Union, totally ignoring the interests of the London City. There is no doubt, also, that May’s Brexit is intended to hurt the EU as much as possible, paying no attention to the costs to her own country. This is a political typhlosis comparable only to the declaration of WWI in the summer of 1914. Or even a terrible way to control the inevitable and possibly violent disillusionment of the English low and middle classes who voted ‘leave’, believing the Brexiteers’ lies. The problem is how Macron plans to confront May’s intransigence.

Macron, the banking man

The man to be the next French President has repeatedly stated that France wouldn’t make things easy for Britain, if London vies for a hard Brexit. Given that whoever wins the next September German election, Berlin won’t drastically change its mark on the Continent, the developments in France and Britain will drastically reshape the future of Europe, as it will be intertwined by the London – Paris confrontation. No doubt the entire European continent will not be the same after this summer. Let’s go to the city of light.

Despite his promises, Macron won’t be a real comfort for his compatriots. His vague policy proposals leave room for everything. And his driving ideal for a “democratic revolution” to “unblock France” may lead anywhere. He will be the first resident of the Élysée Palace in the turbulent history of the Hexagon, to govern it without a political party. Or has he a hidden one? Not to forget, that his last real and lavishly rewarded job was with the renowned Rothschild & Cie Banque.

Jet propulsion

As everybody in the banking industry knows the huge Rothschild financial group is a key global player, with strong relations with the Western political establishment. It also pays a lot of attention to its employees’ potential in other walks of life. So, Macron won’t be alone in governing France. His jet propulsion to prominence and the full support he enjoys in the economic establishment and media world are good indicators of who will be his aides in governing La France. But this will be finally decided during the next fifteen days and on 7 May night. In the mean time, we can return to Britain.

The 51.9% majority in the 23 June 2026 referendum is far from being a landslide victory for the Brexiteers camp. So they now think they need something more in order to accomplish their outrageous plans for a wild separation with the EU. If they won’t be able to realize their dangerous plan and instead settle for an amicable Brexit, they would be accountable to their betrayed followers who voted ‘leave’, having believed the lies that Britain will triumph outside the EU. They might even be legally challenged for having consciously misled the British people.

Hard Brexit hurts all bankers

There is no doubt that London’s powerful and immensely wealthy financial community is to pay the dearest price from a hard Brexit. It’s then quite logical to assume that May’s early election decision was the only way out from the unbearable pressures exerted on her, from the City sharks who demand an amicable separation with the EU. Obviously, the London bankers want to retain their ‘passport’ to do business in mainland Europe. Such a prospect is now clearly impossible though, if the British government vies for a hostile divorce or a Brexit with no agreement at all.

Yet again, even if May’s conservatives win one hundred more deputies in the House of Commons, as some pollsters currently predict, the hard Brexit option won’t be easier to impose on Scotland and Northern Ireland. Both those Peoples have clearly stated their purpose to somehow not follow England and Wales in such a solitary and dangerous path. But let’s return to France.

Brussels mocks May

The result of the 7 May second round of the Presidential election will not make it any easier for May. Her own electoral rhetoric for a hard Brexit will surely be met with hostility in mainland Europe. Arguably, an unfriendly Franco- German block won’t help May increase her credibility in the British voters. Donald Tusk, the President of the European Council, who expresses the mainstream views of the 27 EU leaders, mocked May’s early election call. He said that this surprise turn could only have been staged by the famous for his flabbergast scenarios, the late Alfred Hitchcock the ‘Master of Suspense’.

On top of that, it is rather certain that in fifteen days time Emmanuel Macron, well known for his connection with the banking industry, will be President of France, things will be more difficult for May. She has practically no relations or contacts whatsoever with the colossal banking and finance hub of the London City.

On the other side of the fence, Macron will do his best to help the European bankers, including of course his own country’s giants like BNP Paribas, Société Générale and Crédit Agricole. He may then press hard the British Brexiteers to pay good attention to the interests of the western banking giants stationed in London. Or, at least, Macron will try to make sure that May’s government will look after the affairs of the banks in the eventuality of a wild Brexit.

Franco-British banking war?

Undoubtedly, Macron and May are on opposite sides of the spectrum as far as the world of banking is concerned. The Frenchman is a ‘child’ of the financial space, while the British PM has a political mandate from people who are left behind, neglected or even harmed by the globalized economic universe of our times. It remains to be seen, if the banks will become the cause and the epicenter of a great clash between the English ‘populist’ and the French ‘mainstreamer’.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

UN General Assembly President defends ‘landmark’ migration compact

No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

A day in the life of a Rohingya refugee

Better protection against non-cash payment fraud

Preparing for developing countries the ‘Greek cure’

DR Congo Ebola centre attacks could force retreat against the deadly disease, warns UN health chief

Global Talent – Professional Internships

In dreams and in love there are no impossibilities

Junior Enterprises as a solution for Youth Entrepreneurship

Canada has high levels of well-being and solid growth but trade tensions and housing market pose risks while inclusiveness could be improved

Libya: Thousands seek shelter in health clinics from Tripoli fighting, UN warns

Security: better access to data for border control and migration management

MEPs propose more transparent legislative drafting and use of allowances

The relationship between Dengue and the rainfall in Boa Vista, Brazil

Tackle ‘tsunami of hatred’ across the world urges Guterres, to counter anti-Semitism, racism and intolerance

The strong version of the EU banking union gains momentum

‘Shared responsibility’ to stop 420,000 needless deaths from tainted food each year, UN, world leaders warn

Here are 3 lessons Europe can learn from China’s flourishing start-ups

UK: Customs Union with EU or a longer delay of Brexit

Europe’s top court hears Intel and sends € 1.06 bn antitrust fine to review

Scientists have a new suggestion to create more climate-friendly cows

It’s time for global businesses to accept local responsibility

This is how Copenhagen plans to go carbon-neutral by 2025

Canada grants asylum for Saudi teen who fled family: UNHCR

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

Joint advocacy letter template to sign and ratify the Treaty on the Prohibition of Nuclear Weapons

With millions of girls ‘at risk’ today of genital mutilation, UN chief calls for zero tolerance

5 surprising ways to reuse coffee grounds

Mergers: Commission fines Canon €28 million for partially implementing its acquisition of Toshiba Medical Systems Corporation before notification and merger control approval

Why saving our forests should be a global priority

Fears for food security and the future of farming families, as Fall Armyworm spreads to Asia

Climate change is destroying a barrier that protects the US from hurricanes

Humanitarian visas would reduce refugees’ death toll

Snowden is the “EU nomination” for this year’s Oscars

4 key ways countries can finance their SDG ambitions

South Sudan: ‘Outraged’ UN experts say ongoing widespread human rights violations may amount to war crimes

The racial wealth gap in the US is affecting its citizens and its economy – this is how

MWC 2016 LIVE: Under Armour learns from “robust community of data”

Restore land to save the planet, boost the economy, says head of UN body combating desertification

Trump and Brexit: After the social whys the political whereto

Food system failures in our age of abundance

UK must make clear what it wants, MEPs say in Brexit debate

‘Stay together and step up’ action to meet Global Goals, ECOSOC President tells development forum

Campaign kicks off with High-level Event on #FairInternships

Generalist practicing: is it worth it?

How to make primary healthcare a favourable career choice for medical students: Strategies and reflections

Worldwide UN family celebrates enduring universal values of human rights

Tuesday’s Daily Brief: sexual violence in conflict, a malaria vaccine trial, updates on Libya, Ebola in DR Congo, Sri Lanka and Mali

Finland must focus on integrating migrant women and their children to boost their contribution to the economy and society

Why did Cameron gain absolute majority? What will he do now? Will he vote ‘yes’ in Britain’s in – out EU referendum?

ITU Telecom World 2017: exploring smart digital transformation

How Finland is fighting fake news – in the classroom

Peace dividend palpable in South Sudan, but ‘grassroots’ are moving faster than elites, says Shearer

E-Governance: A powerful tool to combat, mitigate and sustainably manage disaster risks

“One Belt One Road”: Its relevance to the European Companies

Khashoggi trial in Saudi Arabia falls short of independent, international probe needed: UN rights chief

The future of crypto-assets, from opportunities to policy implications

ECB’s unconventional monetary measures give first tangible results

Inspiring young doctors: the beginning of the change

Davos: Why the global elites couldn’t find answers this year?

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s