> If you do the math on the number of pairs of EU countries that need to find bilateral solutions ... it becomes clear why the EU government exists. It's just not efficient otherwise. (Answer: 351)
That logic doesn't hold. If it made sense supermarkets wouldn't work because they have to hold bilateral negotiations with hundreds of thousands of customers. In practice, they just offer a take-it-or-leave-it deal and people either accept it or they don't.
Similarly, countries offer a take-it-or-leave-it set of requirements to foreign investors. If investors aren't taking the deal, countries have the power to unilaterally renegotiate what they offer.
> Doesn't Wall Street dominate international finance? They don't seem like lepers. Also, when international financial regulation has been discussed, I think it's the US that usually undermines it. But maybe you mean something else than what I understood?
I dunno, maybe they operate out of the Caymans or something legally complicated. I'd estimate maybe 20-30% of the stock offers I see have a lot of front matter materials saying something to the effect of "if you come from the US you aren't even allowed to read this, go away". Very US-specific exclusions. Maybe the offers I get are too small time? I dunno, I just report what I see. I always chuckle at it though.
> I'd estimate maybe 20-30% of the stock offers I see have a lot of front matter materials saying something to the effect of "if you come from the US you aren't even allowed to read this, go away".
That is interesting. I wonder why. It seems like they could offer a combined prospectus that addresses all major sets of requirements. I do know that the US an (much of?) the EU use different accounting standards; maybe the numbers are for one region or the other.
> That logic doesn't hold. If it made sense supermarkets wouldn't work because they have to hold bilateral negotiations with hundreds of thousands of customers. In practice, they just offer a take-it-or-leave-it deal and people either accept it or they don't.
That logic doesn't hold. If it made sense supermarkets wouldn't work because they have to hold bilateral negotiations with hundreds of thousands of customers. In practice, they just offer a take-it-or-leave-it deal and people either accept it or they don't.
Similarly, countries offer a take-it-or-leave-it set of requirements to foreign investors. If investors aren't taking the deal, countries have the power to unilaterally renegotiate what they offer.
> Doesn't Wall Street dominate international finance? They don't seem like lepers. Also, when international financial regulation has been discussed, I think it's the US that usually undermines it. But maybe you mean something else than what I understood?
I dunno, maybe they operate out of the Caymans or something legally complicated. I'd estimate maybe 20-30% of the stock offers I see have a lot of front matter materials saying something to the effect of "if you come from the US you aren't even allowed to read this, go away". Very US-specific exclusions. Maybe the offers I get are too small time? I dunno, I just report what I see. I always chuckle at it though.