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Bye, bye Basel: shielding Europe’s banks

The increasing woes of Deutsche Bank demonstrate that Europe’s banking crisis is still not settled. But the troubles at Germany’s biggest lender have not deterred Brussels from pushing back forcefully against stringent new banking rules. How things change. Back in October 2010 Michel Barnier, the then EU financial services commissioner pledged to be “vigilant” in making sure that nations around the world – especially the US – implemented international bank rules.
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