The document discusses the future of European financial centers and the steps needed for financial sustainability in Europe. It argues that major European financial centers like London will survive even with relative economic decline in Europe due to factors like access to markets and qualified professionals. It also states that developing links between European and Middle Eastern financial centers could strengthen both. Finally, it claims that restoring confidence in euro-denominated government bonds through ECB support and bank capital injections will help rejuvenate European banks more than political moves toward a European banking union.