For a politician, European Competition Commissioner Neelie Kroes is a pretty straight talker. Having spent a great deal of her time over the past two years negotiating with representatives from Europe’s banks, she made a point of opening a recent speech at fund manager Algemene Pensioen Groep in Amsterdam with the quip: “It is not often I get to speak to a group of people who want to be more responsible regarding our banks.”
The gloves are certainly off between Kroes and those banks in Europe that have turned to government support to get through the crisis.
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