Whether one embraces opportunity or fears risks may be a question of approach. It’s also a matter of considering the alternatives. This is especially true for the planned merger of Deutsche Börse in Frankfurt with the London Stock Exchange.
The new German-British heavyweight offers a host of strong opportunities. First, it will be a strong European signal at the right time, almost independent of the result of the British referendum about whether to stay in the European Union.
And in a Europe of varying speeds and currencies, the deal offers a sustainable connection between the euro zone and other E.U. countries – far removed from the function of a liquidity bridge.