London

London in Europe

Description of The City of London

The Concise Encyclopedia of the European Union describes the city of london in the following terms: [1] The impact of EMU on the City’s position as a financial centre is one of the five criteria set by the Labour government for whether the UK should adopt the euro. While the test is too subjective to be of value, it would certainly be hard to replicate the City’s unique concentration of talents and activities elsewhere in the eurozone (see more in this European encyclopedia). Moreover, in the first year after the launch of the single currency, the City’s share of global financial transactions rose.

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Notas y References

  1. Based on the book “A Concise Encyclopedia of the European Union from Aachen to Zollverein”, by Rodney Leach (Profile Books; London)

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