That’s the highest value worldwide, and more than a quarter of that figure is euro-denominated. On the equity market, market capitalisation on the London Stock Exchange is around double that on the Deutsche Börse, the leading continental European exchange. Comparing monthly exchange trading volumes, London outstrips Frankfurt by over 60 percent.
To be frank, I don’t think the crisis is anywhere near its end. But I do think it is time to consider what shape an end to the crisis would take. Fighting this crisis has been tough. Reversing the implemented measures will require exactly the same coordination and determination. And reversing those policies isn’t going to be easy.