European Tribune - Comments - Europe.Is.Doomed!

Europe.Is.Doomed! | 20 comments (20 topical, 0 editorial, 0 hidden)

Surely they adopted the anglo disease when they started investing in dodgy US derivatives?

I agree to that; then again, they could do so after some loosening of rules. (Where the looseners of rules might have been dupes seduced by the Anglo finance propagandists themselves.)

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Wed Jul 1st, 2009 at 10:30:28 AM EST
[ Parent ]

Re: well (4.00 / 4)

Adding for further clarity: let's not forget the global asymmetry. The system 'worked' due to a constant net flow of capital from the rest of the world to the USA (and the City of London). The stupid investments of the Landesbanken was beneficial for the imperial centre.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Wed Jul 1st, 2009 at 10:33:52 AM EST
[ Parent ]

Europe.Is.Doomed! | 20 comments (20 topical, 0 editorial, 0 hidden)

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