“European Union regulators may get the power to overrule national banking authorities under plans to tighten banking supervision that are aimed at avoiding a repeat of mistakes that led to the credit crisis,” the New York Times noted on May 27 in “European Union Looks to Tighten Banking Supervision.” The proposals “call for new European supervisors to have the right to step in and settle disputes if national regulators cannot agree on the oversight of multinational financial institutions.”
The highly secretive Bilderberg Group held its 2009 annual meeting from May 14 to 17 at a luxury resort in Athens, Greece. As always, there was very little publicity and so we have a lot of speculation and few actual specifics.
Pope Benedict XVI gave a speech at Israel’s Yad Veshem Holocaust Memorial this past Monday, during which he paid tribute to the Jewish victims of Nazi genocide. His words were not well-received by all, however, as some Israeli critics expected an apology from Benedict and felt that he was “restrained” in his remarks. Most notably, speaker of the Knesset, Reuven Rivlin, said, “[I was] hoping to hear an apology and a request for forgiveness from those who caused our tragedy, and among them, the Germans and the church. But to my sadness, I did not hear any such thing." Reuters tells us that the speaker also “referred to Benedict as ‘a German who joined the Hitler Youth and ... Hitler's army.’”
The EU's European Commission imposed a fine of 1.06 billion Euros ($1.45 billion) on Intel Corporation on May 13, allegedly "for violating EC Treaty antitrust rules on the abuse of a dominant market position (Article 82) by engaging in illegal anticompetitive practices to exclude competitors from the market for computer chips called x86 central processing units (CPUs)."