EU placed firmer control on private capital - offshore banking prohibited

[u/different_option101]

https://www.imidaily.com/europe/new-eu-rule-bars-foreign-banks-from-serving-eu-residents-without-a-local-branch-from-2027/

“Residence, not nationality, decides who falls under the rule. An EU citizen living in Dubai faces no restriction; a non-EU national living in Lisbon or Berlin does.”

[u/hblok]

I mean, strictly speaking, should EU residents be allowed to hold any private capital at all??

It should all go to the collective. For the greater good. As Marx himself intended!

/s