And the different content of what comes from Brussels and the national capitals tells us as well, how much the EU buraucracy is detached from the EU population. They don't have to face the voters. Huge handouts to the banks are more and more difficult to get public support. La France en colere? Der Amerikaner ist die Orchidee unter den MenschenVolker Pispers
It is clear that after the huge amounts of public money already poured into the banking sector, it will not be easy explaining to taxpayers why we need to do more. If asset relief for banks is to achieve sufficient public acceptance, it is essential that the banking sector is seen to provide an adequate quid quo pro. This cannot just be limited to restrictions on executive pay. It must also include a commitment to maintaining lending to the real economy and to carry out appropriate restructuring.
