Stop listening to banks (Corporate Europe Observatory)
►http://www.corporateeurope.org/EU-in-crisis-conf/essays/stop-listening-banks
The financial and economic crises have revealed the entrenched power of the banks in the European Union. In this EU in Crisis essay, Corporate Europe Observatory’s Kenneth Haar describes how a wave of financial regulation was set in motion by the crisis in 2008. By now most of this regulation has been passed, and there’s plenty of evidence to show that the banks are being let off the hook. Looking back, banking lobbyists can conclude that decision makers have practically fallen over themselves to serve the banking industry’s interests. The dream of a European Union that would curb the power of finance has become a joke, and instead we’ve seen a bankers’ Europe emerge that may make even Wall Street envious. (...) Source: Corporate Europe Observatory