from Wolf Street:
Unbeknownst to the vast majority of Europeans and Americans, late-stage negotiations are under way to significantly water down all forms of financial regulation on both sides of the Atlantic. This is part of the Transatlantic Trade and Investment Treaty (TTIP) being negotiated behind closed doors.
However, contrary to popular wisdom, it’s not the U.S. government that is leading the charge, but rather an unholy alliance between the European Commission, Wall Street, and the City of London. According to Corporate Europe Observatory, one of the few organizations to report the latest TTIP leak, to understand these new developments, one must first bear in mind the political and regulatory context, both in Europe and the U.S:
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