The French plan looks more like a Gallic version of the Volcker rule than Vickers “à la française.” It is far less rigorous than the banks feared, given President François Hollande’s fiery rhetoric in his electoral campaign last year, in which he anathematized the financial sector as the true “enemy.”
欧盟委员会的考虑可能需要时间；事实上，可能永无结论之日。德国政府似乎十分不愿拆分德意志银行，而法国人效仿英国人实施了自己的改革。法国的计划看起来更像高卢版沃尔克规则，而不是“法国式”维克斯方案。法国的计划比银行所担心的温和得多——要知道，总统奥朗德在去年选战期间信誓旦旦地把金融部门称为真正的“敌人”。