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People walk towards the main entrance of the Monte dei Paschi bank headquarters in Siena March 13, 2012. Credit Suisse has agreed to unblock shares in Banca Monte dei Paschi di Siena it held as collateral for loans made to the lender's top shareholder, paving the way for the sale of a stake of up to 15.5 percent, a source close to the matter said. (Max Rossi/Reuters)
The European Commission seems to be losing its bite. Since the 2008 financial crisis, the legislative arm of the European Union has developed a fearsome reputation for forcing bailed-out banks into savage restructurings as penance for accepting state aid. Its kid-glove treatment of Banca Monte dei Paschi, however, looks like quite a reversal.
