https://internationalviewpoint.org/ International Viewpoint, the monthly English-language magazine of the Fourth International, is a window to radical alternatives world-wide, carrying reports, analysis and debates from all corners of the globe. Correspondents in over 50 countries report on popular struggles, and the debates that are shaping the left of tomorrow. en SPIP - www.spip.net https://internationalviewpoint.org/local/cache-vignettes/L144xH25/siteon0-da713.png?1745245334 https://internationalviewpoint.org/ 25 144 https://internationalviewpoint.org/Bankocracy-by-Eric-Toussaint https://internationalviewpoint.org/Bankocracy-by-Eric-Toussaint 2015-12-24T18:39:04Z text/html en Pete Green Economy European Union Debt <p>As I was preparing this review a couple of items in the news caught my eye. One was that British Chancellor George Osborne in Brussels was arguing for a reduction in the regulatory burden on the City of London which he claimed was damaging the ability of financial institutions to promote economic growth.The other was that despite wrecking one of Britain's largest banks HBOS back in 2008 and despite a new report exposing their role, none of the three former top executives would even be fined because a six-year statute of limitations ran out last year. HBOS, itself the result of a disastrous merger of the Bank of Scotland with the Halifax, was taken over by Lloyds which shortly after also had to be rescued with a government bail-out of £20 billion.</p> - <a href="https://internationalviewpoint.org/-Reviews-section-" rel="directory">Reviews section</a> / <a href="https://internationalviewpoint.org/+-Economy-+" rel="tag">Economy</a>, <a href="https://internationalviewpoint.org/+-European-Union-+" rel="tag">European Union</a>, <a href="https://internationalviewpoint.org/+-Debt-+" rel="tag">Debt</a>