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Blame it on the banks 2

08 December 2010 Be the first to comment 1

Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,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"

This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor.

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Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

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Blame it on the banks 2

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