Ladies and Gentleman; I give you, the President (Warden) of the ECB.

"Global cooperation, multilateral action" = "Global financial surveillance state ensuring you comply with whatever they tell you to comply with".

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Discussion

EU suffers from legislating. The institutions are so buffed with bureaucrats that need to justify their existence that they will legislate anything out of existence. Even the EU competitiveness, see the Draghi Report. So this does not surprise me, control and control until nobody will do anything.

💯

Imagine a building is on fire and the owner tells you not to use the emergency exits

Fight back, fight back, fight back… no mercy