Specifically, he wanted a protocol to blunt the impact of EU financial regulation.
The Euro-crowd think a proper European Commission boss would have used the financial crisis to grab huge new areas of influence for the EU, whether by proposing a single European financial regulator, a single European bad bank, or hundreds of billions of euros in centrally issued Euro-borrowing.
However, Europe's top financial regulator, Internal Market Commissioner Charlie McCreevy, urged EU member states on Tuesday not to succumb to protectionism in cross-border mergers.
EU Commissioner Michael Barnier's call for stronger regulation follows an announcement from Britain's financial regulator that it would probe Goldman Sachs International.
Poland's refusal to allow the deal had drawn sharp criticism from the EU, which accused its prime minister of acting like an economic nationalist.Australia's financial regulator accused Citigroup of insider trading during a large takeover last year in which it was an adviser.
MPs are now likely to ask whether the Bank intended to inform parliament that a major review of Britain's prospects outside the EU was being undertaken by the institution that acts as the UK's main financial regulator.
PITY the financial regulator.
Then there is the financial regulator.
Germany's financial regulator has delivered a double blow to London, saying it could neither host the headquarters of a merged Deutsche Börse-London Stock Exchafterafthe the UK leaves the EU, nor could it remain a centre for trading in euros.
