"This is a disaster. They have appointed an incredibly prescriptive French politician who is hardline protectionist. He doesn't care about Britain. This is a job which is critical to Britain, for the city and it goes to the French."
Mr Barnier has been quoted as saying in the past that the global food crisis was caused by "too much free market liberalism."
Can't see much that Mr Barnier says up to now that I disagree with. Was it not after all a lack of regulation that allowed Hedge Fund Manager to bet on bank shares falling which was partly responsible for the banking crisis and which led to us having to bail out our banks?.
Personally speaking, if Mr Barnier wants to place more regulations on Banks and financial institutions in this country than that is fine with me and long overdue. These senior sources within the City of London are responsible for the banking crisis with their greed and irresponsible behaviour. They cannot be trusted not to get us into the same mess again; the only way to stop it is greater regulation of the financial markets.