16 March 2005
Straight banana
Straight Banana George Monbiot blows the whistle on a narrowly defeated initiative by European commissioner Frits Bolkestein to harmonise the regulation of corporate activities by making their behaviour subject only to the laws of their home country — regardless of where they operate. This would certainly have harmonised regulation, by prompting a flight to the most weakly-regulated countries. Expect your employer to reregister in Lithuania and be regulated and subject to control only in Vilnius.
Or so it would have been, had the scam not got stopped, though without any help from British opponents of Brussels. That’s the trouble with Eurosceptics, says Monbiot, they’re never around when you need them. Too busy fretting about bananas, apparently.
Posted by SJT at March 16, 2005 12:26 AMTrackback Pings
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