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The article focuses on the establishment the new headquarters of European Central Bank (ECB) in Frankfurt, Germany which is a reminder of the institution that has supplanted the German central bank Bundesbank. It says that the headquarters of ECB were established by the European leaders as a symbol of its status as heir to Bundesbank. It adds that the ECB depends on Bundesbank to handle many of the back-office functions of the common currency due to the limited staff.

The article reports on the plan of using the uniform patent system for banking supervision and regulation in Europe. It states that the system would supplement the patent rules under the current system of the European Union. According to the European Commission, the patent protection would cost from 36,000 euros or $46,500 to around 6,500 euros or $8,400.

It now appears that Europe is prepared to pay what it needs to pay to save its banks. But not to rescue Greece. [ABSTRACT FROM AUTHOR]

FRANKFURT EUROPE'S latest plan to prop up Greece looks suspiciously like a plan to bolster European banks. [ABSTRACT FROM PUBLISHER]