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Banks and Huge Powerful Corporations Get Slapped Down By Euro Governments

Discussion in 'News & Current Events' started by InTheLight, Oct 28, 2011.

  1. InTheLight

    InTheLight Well-Known Member
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    A staple of conspiracy theorists is this idea that international bankers and huge corporations control the strings of government. So what happened in the Greek debt crisis? Led by the German and French governments the European Union essentially told banks that they are going to lose 50% on their investments in Greek bonds PLUS told them to make new loans of up to 106 Billion Euros by June 2012.

    So who, really, is more powerful?
     
  2. Borneol

    Borneol New Member

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    Not a conspiracy, but I'd say the bond holders have a great deal of power over governments that want to live beyond their means. Here is what I read went down with the latest announcement - fine print mentioned.

    European leaders are now asking Chinese to invest their hard earned money in greater amounts into deeply in debt European countries. Doubt it will happen. But if so guess it will purchase even more influence for them.

    "Reality Check in the Eurozone"

    http://blogs.the-american-interest.com/wrm/2011/10/27/reality-check-in-the-eurozone/

    excerpt:

     
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