A few voices, weary of demi-solutions that because of self-interest no one is willing to meet half-way, continual scolding and talk whose length is outstripping modern patience and sensibilities, have raised a disturbing spectre of concern, which, I think, is forgetting the spirit of an experiment that strives for cooperation and integration without surrendering identity or sovereignty: some European Union members that have been made to feel on the periphery or only marginally engaged have expressed fear about the EU becoming enfeoffed (belehnte), paying tribute to a new Napoleonic marauding or Holy and Roman Empire of the Germans--or something more sinister.
Those fears and the United Kingdom's dour divisiveness are of course allowed but are not helpful and probably only stoke the power of the real beneficiaries of that tribute that will be paid to the banks and financial institutions. Money managers of course play an important role in remediation and recovery (or delay and dalliance) but they should not be ceded powers they do not have. Banks are like any other utility, regulated and often owned by the State, like plumbing and power-grids, and nothing more--though they've grown beyond pipes and a series of tubes, like wireless communication service providers and social networking platforms, into something that we are beholden to and tyrannized by. The EU is limited in the paths that it can sound, and that is probably a very mature and responsible thing for all parties--like it won't print more euro or tolerate laggards too well--but the solvency of big banks should not obscure real marketplace choices and resolution.
Those fears and the United Kingdom's dour divisiveness are of course allowed but are not helpful and probably only stoke the power of the real beneficiaries of that tribute that will be paid to the banks and financial institutions. Money managers of course play an important role in remediation and recovery (or delay and dalliance) but they should not be ceded powers they do not have. Banks are like any other utility, regulated and often owned by the State, like plumbing and power-grids, and nothing more--though they've grown beyond pipes and a series of tubes, like wireless communication service providers and social networking platforms, into something that we are beholden to and tyrannized by. The EU is limited in the paths that it can sound, and that is probably a very mature and responsible thing for all parties--like it won't print more euro or tolerate laggards too well--but the solvency of big banks should not obscure real marketplace choices and resolution.
