The UN and EU aren't removing a nations sovereign ability to curtail wanton banks. And on the same coin if the representatives in the EU decided to use the powers their electorate voted them to have they could also do something about the situation. Don't use the situation to negatively sensationalise globalisation.
I'm afraid the problem is that the Western world states are subversive oligarchies in which the sovereign government lies cuckold to the interests of Big Money.
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