Europe
News and information from Europe 🇪🇺
(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)
Rules (2024-08-30)
- This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
- No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
- Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
- No bigotry, sexism, racism, antisemitism, islamophobia, dehumanization of minorities, or glorification of National Socialism. We follow German law; don't question the statehood of Israel.
- Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
- If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
- Light-hearted content, memes, and posts about your European everyday belong in other communities.
- Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
- No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
- Always provide context with posts: Don't post uncontextualized images or videos, and don't start discussions without giving some context first.
(This list may get expanded as necessary.)
Posts that link to the following sources will be removed
- on any topic: Al Mayadeen, brusselssignal:eu, citjourno:com, europesays:com, Breitbart, Daily Caller, Fox, GB News, geo-trends:eu, news-pravda:com, OAN, RT, sociable:co, any AI slop sites (when in doubt please look for a credible imprint/about page), change:org (for privacy reasons)
- on Middle-East topics: Al Jazeera
- on Hungary: Euronews
Unless they're the only sources, please also avoid The Sun, Daily Mail, any "thinktank" type organization, and non-Lemmy social media. Don't link to Twitter directly, instead use xcancel.com. For Reddit, use old:reddit:com
(Lists may get expanded as necessary.)
Ban lengths, etc.
We will use some leeway to decide whether to remove a comment.
If need be, there are also bans: 3 days for lighter offenses, 7 or 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.
If you want to protest a removal or ban, feel free to write privately to the primary mod account @EuroMod@feddit.org
view the rest of the comments
He is not the smartest, but this is one of his dumber ideas.
Why? Most stock exchanges are managed by Euronext anyways and having a single center of exchange improves liquidity and availability of assets
I get your point, but market fragmentation must not necessarily translate into a worsening of liquidity compared to having one consolidated order book. We have the technological means where investors can gain access to multiple trading platforms simultaneously at low cost, including low search costs for investors (to identify the lowest possible price to execute a particular order).
Maybe more importantly, many long-term investors would argue that there can also be too much liquidity. Among my favorite citations regarding this has been for years Warren Buffet's Berkshire Hathaway shareholder letter of 1983:
Former U.S. Fed chief Paul Volcker also made similar remarks about "too much liquidity" regarding the bond market if I remember that correctly.
There is also a more recent study investigating this issue. In, "Is too much liquidity harmful to economic growth?", the authors conclude:
Having said that, we must also consider the different dimensions of liquidity. Resilience is a strong point (measured by price volatiliy, the Amihud ratio) or the immediacy (e.g., the number of market makers, possibly related to the number of market participants), and many other metrics.
So I am not sure whether a consolidation of stock markets is a good thing, especially not for the long-term investor.
[Edit typo.]
And helps concentrating the wealth even more. Exactly what Europe does NOT need.
How would stock market consolidation concentrate wealth?
By making trades and therefore speculation even faster.
What we seriously need is a way to slow the markets down, like a tax on trading. Why is there a 7% tax on groceries, but none at all on buying shares?
I agree that concentrating wealth sucks but won't be a unified stock exchange to make things worse