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Obama reaches new lows in hypocrisy.
Comments
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Can't knock American free-market capitalism. Must have been us Commies over here.Reflecting the anger of Americans who are blaming Europe for the current economic turmoil,
Are they having a laugh!?!? It was the US and the scammers on Wall St that caused this whole crisis in the first place!!"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Hello? Greece spending beyond what it can reasonable service let alone repay was the fault of the US? Please explain.Reflecting the anger of Americans who are blaming Europe for the current economic turmoil,
Are they having a laugh!?!? It was the US and the scammers on Wall St that caused this whole crisis in the first place!!I think....0 -
The crises inevitable in capitalism can't be resolved, they can only be delayed or relocated. The problems in the Eurozone and Greece in particular are the relocated effects of the 2008 crisis centred in the USA that originated (among other reasons) due to deregulation of the financial system there. That in intself is an inevitable result of capitalism though so it's obtuse to `blame' it on the USA specifically.0
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Who let or lead Greece get into the position that it did ? Are there not enough economic bean counters in the EU to spot a mismatch ? Were they counting sheep with their eyes closed? Was it off books fraud ?
J_B.0 -
Joe_Bloggs wrote: »Who let or lead Greece get into the position that it did ? Are there not enough economic bean counters in the EU to spot a mismatch ? Were they counting sheep with their eyes closed? Was it off books fraud ?
J_B.
Come on old chap, the EU haven't even been able to get their OWN accounts to pass audit for the last 16(!) years.
http://www.economicvoice.com/another-year-another-eu-audit-saga/50013995
If spotting mismatches was a priority, the Euro-zone would never have come to pass. The whole thing is based on cobbling together mismatched economies.0 -
The fact is that auditors can spot fraud and refuse to sign off the accounts. Then surely there is room for penalties for improper accounting given the world scrutiny that the Euro faces.
J_B.0
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