GET OUT OF THE WAY OF BANK MERGERS

摘要

On Feb. 8, the European Parliament held its latest spirited debate on the need for a single market in financial services. Numerous members declared that progress is too slow and criticized European Union governments for delays in breaking down national barriers. No one in Parliament, though, singled out the worst offenders: the national central banks, which have done so much to block creation of the pan-European banks needed to make the single financial market a reality.