Tuesday, January 24, 2012

EU Derivatives regulating to go to EU Parliament!

It appeared tonight as if Britain has once again been edged in a direction it solemnly swore it would never go as the Finance Ministers sent their Derivative Regulation regime to the EU parliament for their approval. Reuters report is here.

We must now await George Osborne's explanation to Britain's own neutered Parliament, a familiar and depressing wait.

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