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Hollywood insiders doubt his chances; public-sector unions, who would rather the cash was spent on public-sector workers, will fight any expansion of the scheme.
As the horrific memories of Sept. 11 dimmed slightly, technology stocks dominated the market last week, snapped up by investors who decided to take a chance on the sector, which had long been battered.
In a report today, J. P. Morgan Securities Inc. warned that the bill approved Thursday "only provides a temporary solution" to a banking crisis that "has crushed any chance the banking sector had of an early stabilization".
But this may scupper any chance of energy-sector liberalisation, since the company would need fistfuls of profits in order to make its payouts.
"The downturn provides a chance for public-sector organisations to drive through reforms they could not necessarily achieve in more prosperous times".
At that point, Pill argues, it would be easier to sell a deal within Greece that increases the chances of public sector workers and pensioners being paid in hard euros.
And for all the party-political outcry that erupted on the news, there was little doubt that Parliament would pass a law bringing the bank into public ownership.The truth is that there was never much chance a private-sector buyer could be found willing and able to get the bank on an even keel and to repay the government promptly its £55 billion ($108 billion) in loans and guarantees.
There is the chance for the private sector to learn from the public sector in this area.
They want to give the private sector another chance to clean up its own mess.
On February 22nd, a meeting to review the whole project (dubbed the Financial Services Action Plan) gave the private sector a chance to comment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com