In a speech at the 11th annual Financial Services Conference, European Commissioner Michel Barnier gave a speech in which he stated that the three key actions needed to give Europe a stronger financial sector are:
- Building a banking union,
- Protecting consumers of financial services, and
- Creating a global level playing field.
Click here to view speech in full (links externally to European Commission website).
Note: This speech is only available in French.
Hehe, I have to laugh here. Protecting “Consumers”. Yes, right. It works perfectly in the US … .
Again another case for bigger government, more debt and, yes its sexy, more inflation.