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Well, that's the way things are (for branches) under the single market, and that includes the European Economic Area. I don't see any major problem with it other than the general insufficiency of banking regulation on the European level -- deposit insurance taken alone seems to be arranged well enough.

General regulation of finance is where the British government is a problem. Maybe the Dutch government too, although I don't really think so at the moment. So on a karmic or moral level I don't know about the British beef with Iceland. Legally, though, they are fully in their right to insist on equal deposit protection for their citizens.

by nanne (zwaerdenmaecker@gmail.com) on Tue Aug 18th, 2009 at 08:36:47 AM EST
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