"The ECB won't stand behind a clearinghouse based outside of the euro-zone, and it can't be made to do so. It's that simple. This case is just a waste of time, like the previous ones on short-selling and the financial-transactions tax. In fact, it's even clearer than the other two because it's about the single currency, and the U.K. is not in the single currency."
- Karel Lannoo on Jul 08, 2014