German CDU's Fuchs: U.K. Should Consider Exit From Brexit

The video discusses the potential impacts of Brexit on financial services between the UK and EU, focusing on the four freedoms of the EU and the challenges of maintaining financial stability. It highlights the competition among European cities like Frankfurt and Paris to attract financial institutions and the advantages Frankfurt offers. The video also explores the importance of bilateral trade and the need for strategic partnerships to preserve economic benefits for both the UK and EU.

What are the four freedoms mentioned in the context of the EU?

• Freedom of labor, freedom of speech, freedom of press, freedom of services

• Freedom of movement, freedom of trade, freedom of expression, freedom of choice

• Freedom of labor, freedom of capital, freedom of goods, freedom of services

• Freedom of speech, freedom of press, freedom of assembly, freedom of religion

What is a potential consequence if the City of London becomes a smaller financial center?

• Decreased competition among European cities

• Reduced systemic financial risks for Europe

• Increased funding costs for European companies

• Improved infrastructure in London

Which cities are competing to attract banks post-Brexit?

• Amsterdam and Brussels

• Madrid and Rome

• Frankfurt and Paris

• London and Berlin

What is one of the main goals for Germany in its post-Brexit relationship with the UK?

• To reduce trade with the UK

• To preserve as much free trade and movement as possible

• To increase tariffs on UK goods

• To limit the movement of people between the UK and Germany

Why are European workers considered necessary in the UK?

• They are the primary consumers of UK goods

• They create and fill jobs that are essential for the UK economy

• They are the only source of labor in the UK

• They are required to maintain diplomatic relations