What they are doing now is rebuilding a domestic, soon regionally decentralized, capital market. Under the LIBOR regime European banks decided on a fixed interest rate that structurally was lower than the US yield would have been. So in every crisis they had in Europe the US banks were subsidising the Eurozone and in the meantime the yield manipulation held capital back from free floating to the states. I think this is the main focus - liberalizing from the City of London and the Eurozone