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Blame it on the banks 2

08 December 2010 Be the first to comment

Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

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"

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Bo Harald

Chairman/Founding member, board member

Trust Infra for Real Time Economy Prgrm & MyData,

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04 Nov 2008

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Helsinki Region

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