The large banks that dominate the financial services sector would be making heavy losses without the implicit subsidies they enjoy as a result of the taxpayer guarantee.
The EU juggernaut will still roll on, and Mr. Juncker will still become Commission President next week, but this time there are 24 UKIP MEPs determined to stand up for British interests and fight for democracy.
There is an appetite for change shared not only by EU member states, but also by many people in EU institutions, who are able to identify challenges faced by Europe nowadays. Poland believes in strong EU institutions and deeper political integration, as well as aims, like the UK, at the completion of the single market.
What everyone wants, in Germany more than anywhere else, is for this book to fade into the oblivion of history, which is where it belongs. Counter-intuitive as it may be, the best way to accelerate this process is probably to permit its circulation...
The return on investment will be high for Europe if we get it right, including: a reinvigorated research and education infrastructure, attraction of the best students and faculty, a better skilled workforce, and enhanced competitive advantage vis a vis the rest of the world.
I came to this place already opposed to the European Union. But if I'd been a waverer, the utter hypocrisy of the last week would have persuaded me of one thing: it is beyond hope, beyond even the possibility of reform.
State funding is being cut, European universities are dropping down the international rankings and less research is being produced... Many European campuses are in very poor functional and physical condition... the time to act is now.
Jean-Claude Juncker will meet the European Parliament's political groups on 8 and 9 July, ahead of the vote on his candidacy on 15 July. Before the vote, Juncker will give a statement in the chamber, followed by a debate. The former prime minister of Luxembourg will need a simple majority of at least 376 MEPs in order to get the Commission's top job.
When I arrived in the European Parliament, I fully expected that there would be stitch-ups, slanderous accusations, voters' wishes ignored by the establishment and backstabbing from the political groups. At the time of writing, I have officially been an MEP for just over 24 hours - what has shocked me is that I have witnessed all of these happen already.
While Mr. Cameron may not travel by train much these days, he should take heed of Truman's example, and that of William Gladstone, whose Midlothian Campaign was wildly successful.
With a few public sector exceptions, Brussels is where meritocracy comes to die. And it takes its last breath in the naïve hopes of trainees. No one wastes any time letting us know that we are here to network. Such importance is placed on this I suspect there may be a strategic memo somewhere entitled 'Combatting Youth Unemployment in the EU: the Art of Networking'.
"I am more confident than ever that I will be the next European Commission President," tweeted former Prime Minister of Luxembourg Jean-Claude Juncker on 4 June. Quite how he knew with such certainty so far in advance of the EU's elected national leaders is something of a mystery. Until, that is, you consider the continuing dominance of the Franco-German axis in the European Union...
Over the coming months, the Parliament will play a key role in setting the EU's course for the next five years as it conducts hearings of prospective commissioners and must approve the new European Commission as a whole.
This April, MEP's passed legislation that will end roaming charges for using a mobile phone while abroad by December 2015. This means that the cost of making a call or downloading internet data in another EU country will be the same price as at home.
Italy's 'score' is announced on a big screen in front of us and a roar of applause and whooping erupts from the Italians in the crowd, followed by a cacophony of chinking glasses. The Italians are bizarrely celebrating their voting turnout at the election party...
UKIP and the Italian Five Star Movement have succeeded in forming a new Group in the European Parliament. All of these Groups must have a minimum of 7 countries represented and at least 25 MEPs...