@ racedo
I tend to agree, and there are parallels with the BAe/EADS merger; made perfect business sense (defence company merging with civilian company to make EU giant) but political hurdles were always going to prove too much.
At least there are no 'national security' issues around the whole IAG set up, but like you I have no doubt that we will see the bun fight begin as soon as IAG have finished restructuring IB and turn towards 'management efficiencies'...