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Breakingviews: RBS needs sympathy

Monday, October 15, 2012 - 04:22

Oct. 15 - Santander's last minute pullout from buying 316 branches of RBS should win sympathy and time for the beleaguered partly state-owned lender, says Reuters Breakingviews' Robert Cole.

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Today's topics -- prices breaking news Bernanke's Asian defenses and implausible young and all yes is wrong sales mapped through. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I'm. Getting my sympathy because Preston that was set with it was a commitment yet that there and I don't want to. Yet there there are two things that what KO so if things actually. The first is -- -- we have to recognize that while the united technological problems -- -- the problems that seem to have Google -- time dad. Out of the picture hit -- can't help but failing that you know given the way you can spies to take his bicycle and things have gone down hill recently the kind of hope that was stated Bob and hires China had managed to sort of progress well. I'm going -- as -- married I don't -- and it's unfortunate I'm I'm out on the time -- -- I think I think -- kept it it's if I'm lucky for obvious you know this wouldn't have fallen through old. -- I suspect. That was the much great to tells the guys through fecal economics hadn't had -- top that so but it -- in Brussels think sympathy should rest on on to two things and not really -- there not really that nor indeed feeling sorry for -- in this -- the first is that there is some precedent. Full. Relaxation that's like -- -- bank ING. You know so you. -- -- resentment is a present that I'm not sure it's. I've written more importantly it seems to me from the EU's point of view. It's for them to consider that what they won't and we are trying to do it introduces the beginning. Is to increase competition. So what they won't is a an agreement to mechanism which is going to increase competition about rushing it through -- Then I -- squads see how that eight of increasing competition. Is in homes in extremists. A rollback is -- well we complimented we compliment by. You know decide to close the Bronx is a slump in Minnesota the competition won't be in the homes bought by giving it some time. To get a decent price then eventually you know we might not be better off and having said that means that virgin looks. I think it might want to do -- Might have been better compression. Since that is honest I want a lot but I can not much time. Arctic the other piece is Bernanke in Asia a missed -- and he maids. On QB which you strongly disagree. Yeah now I've made time to look at GW these by Singapore actually I've brought brought frontman. I am just stayed home the world's most public elements that good for him I think it's a simple plot really that Bernanke has said look into votes about Q is in terms of raising asset prices in in emerging in emerging markets and that sat. What is and isn't the case but he says that I've apply it. That -- and decide that he thinks about me. But on these points I think he's the -- actually it's estimates of them on in the west the has led to. Assets price inflation. In emerging markets and the you know emerging markets anymore. Attractive -- of the western economies because of the economic problems I have an emphasis but that just doesn't stack up for him. I did you know -- for good reasons overruled the nineties band of -- programs. Have been rising gas prices of that tonight admitted yeah noses at a program. -- depression and in the US appropriate. To -- these pockets -- yeah yes yes. But it's it it's also a question I think of it and -- just -- just for London's you know how much politics it's really hold loans. Leading economic. Figures to get in -- than you confident that. It is substantive politics going on when the united. Stick to the point at stuff that's the but I can't -- our rights you credit -- -- -- -- from a -- if you are what are you Russia. Comes on everyday 12:30 eastern seventy Teddy PSE. -- -- --

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Breakingviews: RBS needs sympathy

Monday, October 15, 2012 - 04:22