The economic world gets a little smaller...

The New York Stock Exchange Euronext and Germany's Deutsche Borse reach a deal to merge this month creating "the world's largest market for stocks, equities and derivatives."





This consolidation has staggering implications if it actually happens. The NYSE is an American institution and if this merger went through that would literally change overnight. "Deutsche Borse is larger than the NYSE so its shareholders would have 60 percent of the new company," the article said. That might not seem like such a bad thing, but this move would almost surely mean thousands of jobs would be on the chopping block; that, as history has shown, is almost a  guarantee with mergers. 


A merger of stock exchanges has happened before. The London Stock Exchange and the Toronto Stock Exchange merged. It is unknown to me how the move affected the local areas but Proponents of such mergers say this will improve relations between the two countries and open up more relationships between Germany and the U.S.