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Image header Agence Europe
Europe Daily Bulletin No. 10850
Contents Publication in full By article 32 / 32
BUSINESS NEWS NO 62 / (ae) finances

Geneva is most attractive financial centre. - According to a study by the German centre ZEW, which measures the attractiveness of the five main financial centres (London, Paris, Geneva, Frankfurt and Luxembourg), the 2008 crisis did not apparently have any major effect on the ranking and hierarchy. “Lessons of the financial crisis for the attractiveness of European financial centres” is a study based on the responses provided by several experts, questioned for several consecutive years on the attractiveness of financial centres. It is still Geneva that tops the list - with 67% of favourable opinions, ahead of London (54%). The City, in fact, has experienced a sharp downturn in favourable opinions in four years (-12%). Luxembourg has shown great stability - with 52% of favourable opinions. By contrast, only 5% of those polled had a favourable opinion on the attractiveness of Paris. The professionals cite a certain number of indispensable structural criteria for making a place attractive - the size and development of its economy and markets, the stability and quality of financial and legal regulation systems, and the concentration of various actors. (IL/transl.fl)

Contents

EUROPEAN COUNCIL
EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
EXTERNAL ACTION
BUSINESS NEWS NO 62