Germany demands a lot from other EU nations, but it provides a good example, following the advice it gives the others. The country's Ministry of Finance, Wolfgang Schäuble, is planning a proposal for a law that would prevent possible financial crises.
The law is based on two principles: the banks will continue to receive public bailout money and clients will get protection from speculative trading. This protection would potentially involve jail sentences of up to five years for bank managers that do not comply with the law when making risky financial dealings that threaten the health of their firms. If Germany solidifies this law, then it will set an example for best practices and legal accountability within the financial sector.
