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Is there any likelihood that Goldman alumnus Mario Draghi and/or other members of the ECB will be more willing that has been Ben Bernanke, Timothy Geithner and William Dudley to engage in effective prudential regulation of powerful banks?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Nov 24th, 2014 at 12:23:30 PM EST
Well if Juncker's sudden lurch towards an improbable facsimile of common sense (laced with generous confidence fairy-taling) offers any clue, then one might surmise that only when a sufficiently grotesque scandal comes to light do such characters have impromptu epiphanies.

Lies for breakfast, profits for lunch and dinner.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Thu Nov 27th, 2014 at 10:16:10 PM EST
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