Wednesday, April 25, 2007

McCreevy warns Dutch central bank over ABN


It is good to see that the European Commission is awake to the obvious interference that continues to be seen in european countries on nationalistic grounds.

Onésimo Alvarez-Moro

See article:
The European Commission Thursday fired a shot across the Dutch central bank’s bows, warning its governor against any protectionist move in the rapidly escalating battle for control of ABN Amro, the country’s second-biggest bank.

The spokesman for Charlie McCreevy, the European Union’s internal market commissioner, said the matter was being followed “very closely” by Brussels and that the Commission expected the DNB not to discriminate between different foreign bidders. The intervention by Brussels was triggered by a statement from the central bank that appeared to criticise a plan by three European banks to break up ABN.

See full Article (paid subscription required).