London fights for its coveted financial crown
- Published: 9 Dec 2012 at 12.46
- Online news: World
The City of London, already campaigning hard against EU proposals for regulating banks, is now hitting back at a threat to its dominance of the vast market for trading in euros.
Governor of the Bank of France, Christian Noyer, has objected to the fact that Britain, a member of the European Union but not of the eurozone, should have captured by far the biggest share of trading in the euro.
The latest perceived attack on the supremacy of the "City" came this week from the governor of the Bank of France, Christian Noyer.
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