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By Antoine KREMER, ABBL
In chaos theory the butterfly effect describes how one small event in one place can have major unforeseeable consequences somewhere far away. The example goes that the beating of a butterfly wing in Japan could cause several weeks later a tornado in the US. Last week we got another illustration. In COVID-19 times the ill-conceived attendance to a golf dinner in Ireland by a trade commissioner has unexpectedly landed the financial sector with a new commissioner in Brussels.
Indeed, on September 8 the European Commission President Ursula von der Leyen announced that the European Commission Executive Vice President Valdis Dombrovskis would be the EU’s new trade commissioner and Mairead McGuinness the new Irish...
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