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Mediobanca became a byword for deals and shareholder pacts which unfairly favored insiders.
They should ignore the siren voices about Ukip pacts, which would put the party back for years.
But the deal does not assure that Congress will pass the pacts, which are crucial ingredients in the Obama administration's recipe for reinvigorating economic growth.
He did sign it the next day, but the apparent slight dampened hopes that the agreement would differ from previous pacts, which had been broken repeatedly.
Moreover, the top banks are subject to fairly tight shareholder pacts, which leaves only small regional banks as easy meat.If deals across borders happen, they are likely to be takeovers of small banks by bigger institutions.
And the region's leaders always attempt to distract attention from these rows with the announcement of seemingly bold economic pacts, which, on close examination, are not quite as momentous as they sound.This year's jamboree, in Laos's sleepy capital, followed the script to the letter.
Similar(44)
The pact, which still needs court approval, would end years of litigation.
The civil solidarity pact, which provides limited protection, is not a marriage, she said.
He helped enact the Kellogg-Briand Pact, which famously (and unsuccessfully) tried to outlaw war.
A complex shareholder pact, which balances French and German interests in EADS, would be scrapped.
The Bush plan might "destabilize" support for the Kyoto pact, which is awaiting ratification.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com