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Will the euro crisis lead to another global financial meltdown? Part 1 of 3

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Uploaded by on Jun 1, 2010

Philippe Legrain, author of Aftershock: Reshaping the World Economy After the Crisis, debates whether the euro crisis could lead to another global financial meltdown - and what governments can do to avert disaster and bolster the economic recovery - on BBC's Hardtalk with Irwin Stelzer of the Hudson Institute and Italian politician Emma Bonino. Interview by Zeinab Badawi.

Read more about Aftershock: http://www.philippelegrain.com/aftershock/

Buy it here: http://www.amazon.co.uk/gp/product/1408702231?ie=UTF8&tag=philippelegra-2...

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  • this is a Bilderberg puppet

  • the globalist banksters after 2000 years are turning their back to their preferred slaves the white trash , this is the only reason why the white trash are now whining about the global financial situation , they were happy when they were the beneficiary of the global capitalist system , bunch of hypocrites

  • Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.

    The biggest public campaign has started to abolish fractional reserve system. Visit POSITIVEMONEY website and JOIN the CAMPAIGN!

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