Overregulation

France, Germany and Italy ask the European Union to be less severe in banking regulation. The reason is that they fear that current regulations are hindering them and other European countries in their competition with American and Asian banks.

The European Union has been known for their severity in regulation, in all possible industries.

The European Union needs to improve their competitiveness to keep their economic position in the current world economy, the banks say…

Opposition fears another banking crisis like in 2008 if regulations are made less severe. A difficult balance to keep.

Sincerely,

Pele23

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