Should the European Commission - "Brussels", in the popular parlance - be allowed to step in to order the UK government to save a failing bank, whether it wants to pay the price or not? The government worries that the City of London, with its 600 banks, 420 of them European, and its flow of 250bn euros a year, could be hit hard by new tighter rules on financial institutions. The debate about this will be the centrepiece of Thursday's meeting of the EU's 27 prime ministers and presidents. Of course, after the financial crisis there is a clamour for stricter rules and it has been taken up with enthusiasm by France, Germany and the European Commission. The plan on the table is for a new three-headed EU watchdog to control banks, insurance and securities.
Should the European Commission - "Brussels", in the popular parlance - be allowed to step in to order the UK government to save a failing bank, whether it wants to pay the price or not?
The government worries that the City of London, with its 600 banks, 420 of them European, and its flow of 250bn euros a year, could be hit hard by new tighter rules on financial institutions. The debate about this will be the centrepiece of Thursday's meeting of the EU's 27 prime ministers and presidents.
Of course, after the financial crisis there is a clamour for stricter rules and it has been taken up with enthusiasm by France, Germany and the European Commission. The plan on the table is for a new three-headed EU watchdog to control banks, insurance and securities.
Should the European Commission - "Brussels", in the popular parlance - be allowed to step in to order the UK government to save a failing bank,
No, it should step in to order the UK govt to close down a nest of pirates failing bank. keep to the Fen Causeway
