Banks Refusing a "Haircut" Behind EU Financial Crisis

Tom Ferguson: Austerity demanded so banks get paid, even though it deepens crisis

Category:

News & Politics

Tags:

• Banks
• EU
• Financial
• Crisis
• Tom
• Ferguson
• Austerity
• European
• Union

[slonamu]

Forget about scalps. Some head need to roll.

[rea1001]

Just a haircut? Hair grows back.

[chartfix]

@bobb22ful Get your bloody facts straight! you don't know what your talking about. Learn how foreigners are making billions on Greece's back.

[bobb22ful]

One third of greece's population live permanantly off public assistance(DOLE)and another third are well connected puplic employees that retire at 50 w/full pay and bennies.both groups produce nothing,are these lazy,do nothing socialists that feel entitled to re-distribute the wealth of the final third that are left having to work,pay huge taxes(?)taxes are optional,so the EU and Germany are left bailing greece out!NO MORE MONEY TO THESE LAZY,DO NOTHING SOCIALIST IN GREECE! LET THEM RIOT,BURN!!

[TheWhiteRose161718]

In Coralville, Iowa police shut down 4-year-old Abigail Krstinger's lemonade stand after it had been up for half an hour. Dustin Krustinger told reporters that his daughter was selling lemonade at 25 cents a cup during the Register's Annual Great Bicycle Race Across Iowa (or RAGBRAI), and couldn't have made more than five dollars. Police informed her that a permit would cost $400.

[Igotangry]

bye bye stupid europeans. from Türkiye with glad.

[ViolentMonopoly]

@EmeraldAxe2 I agree, its because ideology and propaganda is so strong and efficient in America. The only way I think that it can be broke is through both a massive economic collapse and something positive emerging in another developed country or region that America can look to as an alternative to its own institutions. Until then, I don't think we'll see anything amazing from the USA.

[EmeraldAxe2]

@schmoukiz

To some extent I agree, but in the US, quite literally no one from the financial sector has paid a price over the 2007-08 debacle. It's clear that malfeasance existed, yet they go back to work and continue the previous practices.

The average person here by and large is simply doing what they are ordered to do. It's not like they have much of a choice as to where their 401k goes.

There also has to be a distinction between the people and the politicians who actually spend.

[EmeraldAxe2]

@ViolentMonopoly

Perfectly said. I have an academic point on that though. Is it the Americans are that much more gullible and prone to propaganda or is it that the PR machine here is so much more adept and financed? Europeans overall (per my own interactions) seem far more knowledgeable than the average American and frankly more disposed to reason.

[romaninlondra]

The Banks will crash - to big to fail is a lie.

[luvmyctd]

Why the fuck are all countries borrowing and paying COMPOUND interest on money printed out of thin air to a cabal of foreign banksters? ... when all countries could be borrowing from themselves INTEREST FREE! ... you know like we did not long ago? Wtf is going on!

We see now why they've attacked Libya next huh.