http://news.bbc.co.uk/1/hi/business/8633455.stm

This actually could work. Unilateral agreement gives them no place to run to. But by having a bail out tax will it encourage a race to the bottom, why not be risky when there is safety net after all?

But anyway, with some of the government part privatised banks just creaping back towards the black, this is probably news enough to send em back down to the red