The American media has been making hay out of the financial problems faced by Europe, stressing – no doubt, at the behest of their corporate masters – that the crisis in Europe is responsible for the ongoing problems with the US economy.
As always, the American media is afflicted by serious short-term memory loss, a fact quickly pointed out in no uncertain terms today by the president of the European Commission, Jose Barroso…
…when asked by an American journalist at the G20 summit in Mexico, “Why should North Americans risk their assets to help Europe?”
Frankly, we are not coming here to receive lessons in terms of democracy or in terms of how to handle the economy.
By the way this crisis was not originated in Europe […] Seeing as you mention North America, this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of your financial market.”
Go, go, Jose! It’s about time someone over there told the truth to those over here, instead of grovelling and kissing Lady Liberty’s feet at every opportunity, as practiced by every British prime minister since Margaret Thatcher, while transformed into an art-form by the UK’s latest apology for a political leader, the oh-so-simpering, David Cameron.
Europe’s financial crisis was sparked by corrupt US politicians who slyly deregulated the financial sector, allowing crooked bankers free reign to make themselves ever wealthier, by illegally gambling away the savings of US and European citizens.
At last, someone in authority has had the guts to stand up and tell it as it is.
 “Greek election, debt crisis and G20 Summit: as it happened, June 17 – 18, 2012” Daily Telegraph, June 19th 2012