– Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. –
The Great Debate UK
Britain's asset protection scheme, invented to protect the banking system, is morphing into a bureaucratic monster. It's time to kill it off. Though state support is still needed, there are simpler ways for the government to prop up its ailing lenders.
from The Great Debate:
PARIS, April 20 (Reuters) - The European Union's antitrust czar is struggling to stop governments bending EU rules on state aid to business when they rescue banks with taxpayers' money.