Wednesday, 2 April 2008
Northern Rock to be investigated by EU
We raised in a here post some time ago that it was inevitable that the EU would launch a big investigation into the legality of the Government's approach to Northern Rock.
Not only does the EU have a point, but also it never misses a chance to skewer Perfidious Albion when the opportunity occurs.
Indeed the support for this move comes from some odd places. Of all the banks to complain about Northern Rock's unfair current market advantage is the relatively obscure Danish Bank community.
Would it be going to far to say there may be a conspiracy here to push the Government into a corner? What a shame, especially after the recent NR results, unaudited of course, gave some hope that taxpayers would be paid back within 5 years...
Posted by CityUnslicker