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EU Banking System on Brink of Collapse
Posted on: December 13, 2011 - 1:55pm
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EU Banking System on Brink of Collapse
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Geez where do I begin
You know what I can't be bothered nobody is f**king hearing the sirens of catastrophe but European leaders continue regardless
http://twitter.com/sophiabotha
The Icelandic government put their people first by underwriting personal cash and then let their banks fail. They seem to be all the stronger for it today. They realised very quickly that you cannot solve liquidity problems by printing or applying for bigger loans in UK. Everyone knows what the inevitable outcome is but the self interested politicians and bankers are obsessed with short term fixes. Lets just get it over with and move on. The politicians got us into this mess, and they sure aint going to be the ones to get us out of it. They overspent, failed to regulate the banks, and embraced socialism, which means spend more then you earn. When you vote next time labour,tory, or liberal, next time remember your stupidity they welcome.