> You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"?

For values of, yes. Things obviously aren't perfect, but I at-least generally prefer them over their proposed alternatives. I find they have made things better.

> Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen?

From the article:

> Under intense pressure from industry and the US government,

I think that says what needs to be said. And my opinion is that they shouldn't yield to US government and industry interests, since they clearly aren't the same as European interests.