Fundamentally, this proposed merger isn’t about creating a robust and profitable bank. It is all about German politics. Germany would suffer considerable loss of face if its largest bank were forced into the ignominious European bank resolution procedure, with creditors bailed in and shareholders wiped. How the Italians would laugh…
Related Articles

EU politics
Eduard Márquez: I am a Catalan writer and I want independence for my country
It is very convenient to forget the struggle in Catalonia. It is good to see that it is still given a voice, although thanks to a book festival. Literature has often carried the torch for […]

Climate Crisis
David Keating: European Investment Bank Delays EU Fossil Fuel Phase-Out Proposal
November 13, 2019
Mathew D. Rose
Climate Crisis, Corruption, Energy, EU politics, EU-Institutions, Lobbying, Regulatory Capture, Sustainability
0
An alcoholic, the Germans, and Orban join forces to protect fossil fuel corporations and destroy the planet. Read here

Corruption
Reuters: EU plan on bank money laundering pushes back action to next year
September 7, 2018
Mathew D. Rose
Corruption, EU politics, EU-Institutions, Finance, Financial Institutions, Regulation, Regulatory Capture
0
Once again the EU political elite demostrates its fealty to banks and corporations and protects their criminal activities. Read here
Be the first to comment