WE ARE ALL DESIGNIST NOW:

European regulators are tying themselves into knots rewriting the rules for the financial system. Specifically, they want to ensure they won't have to use taxpayers' money to buy lifeboats if a renewed financial crisis threatens to torpedo the region's banks. One option that doesn't seem to be on the table, though, is to simply stand aside, let natural selection run its course and allow ailing banks to go bust.

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