I'm not arguing that preventing future wars was one of the reasons behind EU, but saying that EU was French invention because they were afraid of future German invasion is oversimplification, to put it mildly. There were many other, even more important factors...
Britain is a financial hub for more reasons than just history, though that plays a large part. Not so long ago that position was occupied by New York, which goes to show how important the regulatory environment is. this along with that history, the ease of movement of people, language, culture and institutions all play their part.
Yes Britain will decline, all of the old west is declining relative to the 'new' east, and we will certainly decline all the faster if we integrate our financial sector regulation with that of europe.
You might be right about the timeline, I for one won't put any certainty on predictions cast decades into the future.[/QUOTE]
It's just a guess. I'm not a political analyst or an economic expert. We know it will happen but for "when", your guess is as good as mine...
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