At yesterday's Treasury Committee hearing, there can be no doubt about what the Governor of the Bank of England wanted to say. His difficulties were due to EU Market Abuse Directive 2003/6/EC, which stopped the Bank mounting a rescue operation. The dead hand of the EU was at the heart of the Northern Rock crisis. Dr North's article is posted on EU Referendum.Friday, September 21
The Rock and the EU
At yesterday's Treasury Committee hearing, there can be no doubt about what the Governor of the Bank of England wanted to say. His difficulties were due to EU Market Abuse Directive 2003/6/EC, which stopped the Bank mounting a rescue operation. The dead hand of the EU was at the heart of the Northern Rock crisis. Dr North's article is posted on EU Referendum.
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