01 February 2015

Good for society at large

Bo Harald - ZEF and Real Time Economy Program

310Posts 1,018,816Views 169Comments

Whatever...

A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Blame it on the banks 2

08 December 2010  |  5617 views  |  0

Translating part of a Facebook note by Liisa Jaakonsaari (MEP - Finnish Social Democrat):

"The crisis in Europe is not because of EU or the Euro. Rather it can be said that EU and the euro are innocent victims. Bad guys are unregulated and irresponsible financial markets. Blaming the banks is becoming a rather worn issue and does not always hit the right target. Banks are the liver of the society - collecting the harmful residuals of economic policy - caused by for example borrowing too much. Not even an alcoholic is blaming his liver for cirrhosis" 

 

TagsRetail bankingWholesale banking

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