Unformatted text preview: This is an interesting article that shows the gain of power the E.U. is getting with the onset of these new rules from the creation of this agency that has a lot of authority when it comes to the banks in the European. This kind of shows the conundrum the member states are in, they want to use the E.U. and gain from all the good programs and policies it offers, but the national governments still want to hold on to as much power as they possibly can, even if that means showing resistance to a plan that will help them. It will be interesting to see how these governments cope with this new agency and the power it has....
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- Spring '11
- European Union, new powers, National regulators, banking chief pledges