EU Caves to Powerful, Scandal-Infested Finance Paradise, the City Of London

The European Commission’s new president Jean Claude Juncker – the man who ran the banker’s paradise that is Luxembourg for 20 uninterrupted years before falling foul to a very dodgy but quickly hushed-up spying scandal – has appointed a Brit as Europe’s new Finance Commissioner. And not just any Brit: the new man in charge, Jonathan Hill, is the co-founder of financial sector lobbying group Quiller Consultants, whose clients conveniently include the City of London and HSBC.

Naturally, the City of London Corporation — that small incorporated area of London known as the Square Mile that is uniquely powerful and which served as the nexus of almost every single global financial scandal of the last eight years — is delighted…

Read the full article @ Wolf Street

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