Britain victorious in clash over City of London clearinghouses
Thu, Mar 05, 2015 - 5:50 AM
"This is a major win for Britain and a major win for all those who want to see a European economy that is both open and successful."
- George Osborne, the UK's Chancellor of the Exchequer
BRITAIN has scored a rare victory in its bid to challenge European Union powers over the City of London as EU judges sided with the UK in a clash with the European Central Bank (ECB) on clearinghouses.
The EU General Court in Luxembourg ruled on Wednesday that the ECB lacks...