The opening day of the G20 summit was threatening to deteriorate into a fractious row between eurozone countries and other non-European members of the G20, notably the US, as EU commission president José Manuel Barroso insisted the origins of the eurozone crisis lay in the unorthodox policies of American capitalism…
When asked by a Canadian journalist “why should North Americans risk their assets to help Europe?” he replied: “Frankly, we are not here to receive lessons in terms of democracy or in terms of how to handle the economy.
“By the way this crisis was not originated in Europe … seeing as you mention North America, this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market.”
Leave Goldman Sachs alone!
it was a Dutch minister who blamed France and Germany for causing Europe’s financial mess by flaunting the European Economic Community’s borrowing and lending rules themselves. As a result, other countries followed suit and borrowed money like there was no tomorrow. Because of Germany’s and France’s strong economies they were able to recover but Greece and Spain were not so lucky.
I googled and googled but can’t find the link I originally used to highlight the cause of Europe’s financial crash.
“OTP – Occupy The Patriarchy” ~ me
that these guys are using and you can see why they are broke.
http://mauberly.blogspot.com/