Plan to Avoid More Bailouts : EU Considers Splitting Up Major Banks

[sysop]

EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers' expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby is resisting any such change.

http://www.spiegel.de/international/...856183,00.html

[sylvesterthecat]

I believe it to be true that in most human affairs, there is no such thing as a problem which cannot be made worse by a lot of well meaning but incompetent politicians