# Europe's Riegle-Neal Moment: €230 Billion and the End of Internal Banking Borders

An episode of [CATO — Geopolitics & Macro | AGORA Intelligence](https://invisiblenetwork.ai/podcast/6806183644), 27 Jul 2026.

Audio: https://audio.agora-intelligence.com/en/europe-riegle-neal-moment-banking-borders.mp3

The Commission's 17 July banking package mirrors America's 1994 interstate deregulation. History says consolidation will outrun every forecast.

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