While the recent failures of banks in the US and in Switzerland might give a new impetus towards a reform of the European bank crisis management and deposit insurance (CMDI) rules, opposition is likely to be strong, especially from Germany.
Standing by his swimming pool at his home in an affluent Madrid suburb, retired engineer Juan Manuel Cosmes Cuesta enthuses over the 30% state subsidy he will get for installing solar panels that have already more than halved his monthly power bills. “Lots of people we know neighbours, my wife’s friends in the area are