| |||||
This is what real Journalism looks like. Those of you in America might not recognize it: In this video from a European Central Bank press-conference in Ireland, journalist Vincent Browne demands that the ECB representative explain why the ECB required the Irish people to bail out a bank’s uninsured creditors. The bureaucrat mouths bland [...] European leaders in open revolt against ECB President Jean-Claude Trichet Financial street gangs (oh, sorry, I of course meant the ECB and leaders of nations) are attacking each other in Europe on whether to continue bailouts to the debtor nations and who should take a haircut on the bonds. Maybe if we’re lucky, they’ll [...] While Europe is preoccupied with a possible restructuring of Greece’s debt, huge risks lurk elsewhere – in the balance sheet of the European Central Bank. The guardian of the single currency has taken on billions of euros worth of risky securities as collateral for loans to shore up the banks of struggling nations. The [...] There will be no restructuring of Greece debt because that might hurt the banksters. Goodness, we can’t have that, better that an entire country be impoverished instead. “‘A Greek debt restructuring is not the appropriate way forward — it would create a catastrophe’ because it would damage the banking system” said ECB Executive Board member Juergen [...] |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments