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It is a banker's world!!! It is a banker's world!!!
by Christos Mouzeviris
2013-03-16 11:01:16
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As if they did not have enough nerve to demand to be bailed out with public money, now some banks in Europe are bank in business as usual.

Our whole lives were changed because of the crisis, that is a crisis of credit. Many of us had to go through very tough austerity measures and all that so that Europe's banking system could be saved.

We were blamed for the mistakes that our governments did and the risks that these banks took. One would think that the banks would face the music at some stage, but no. Even a recent proposal to cap the banker's bonuses, found opposition from Britain. 

 One must really read the following article from the Irish Independent that was published on the 3rd of October 2012, to realize the level of betrayal that the Irish and every European must tolerate from their governments.

"Bailed-out AIB Bank in Ireland, is to hit 70,000 customers with a second rise in mortgage costs in just three months. Owner-occupiers will have their standard variable mortgage cost increased from 3.5pc to 4pc.

A spokeswoman for the Department of Finance said it had been informed in advance by AIB about the rate rise. The spokesman said mortgage rates were a "commercial decision" for banks, even though they were bailed out by the State and AIB had been pressurized to cut rates when the Government came to power.

But since then a relationship framework had been signed with the domestic banks. "We now don't get involved in day-to-day banking. The Government would have no role in it," he said.

(http://www.independent.ie/business/personal-finance/property-mortgages/second-aib-interest-hike-will-add-1400-to-mortgage-bills-28816792.html) "

If you read the above article correctly, you will realize that what is actually saying is that the bailed out by the public banks, will now start charging the public for their services. And the Irish Government will have absolutely no say in what AIB does.

In other words, the people of Ireland bailed out this bank with their own money and now the same bank will start charging them as usual. While their government won't get involved and allow this bank to do "business as usual." Who rules Ireland and in extension Europe then?

Perhaps we do not need the European Parliament anymore, we should just allow the ECB to rule Europe. And on national level our governments will be just care takers, doing the work while the orders will come from Europe's banks! Not the Europe that I was dreaming of.

Just today, European Parliament's President Mr. Martin Schulz gave an interview to Reuters, stating that Europe saved its banks by lost a generation of people. And that is so true. Unemployment in some parts of the continent has reached a crisis point and it threatens the very social cohesion and stability of these nations. And of course Europe' stability in extend.

I am glad that Mr Schulz and other leading European politicians are realizing this fact. But now it is time for an urgent action and less words. In his interview Mr. Schulz pledged for investments and the need for direct links between Brussels and the local authorities, to speed up the process of direct investments from the EU.

Well really looking forward to see that Mr. Schulz and perhaps you could also do something about preventing the banks from messing European people's lives again in the future. Thank you.


Christos Mouzeviris is the writer of the blog: The Eblana European Democratic Movement


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Please leave the banks al2013-03-16 11:34:05
Not all banks are criminal enterprises. Not all banks funded the Nazis. Not all banks laundered money for drug cartels and terrorists. Not all banks financed illegal arms deals. Not all banks funded the manufacture of cluster bombs. Not all banks financed rogue military operations. Not all banks manipulate gold prices. Not all banks manipulate the stock markets. Not all banks foreclose on mortgages of unemployed people (well mostly all in this case). Not all banks have excessive fees. Not all banks manipulate derivatives markets. Not all banks charge unlawful fees. Not all banks hide assets. Not all banks manipulate their books. Not all banks bribe government officials. What the US Govt. did to JP Morgan and HSBC was an outrage.

Emanuel Paparella2013-03-16 16:15:14
Indeed, money changers have been with us from time immemorial. They would like nothing better than to reduce the whole of life to mere profits, thus corrupting even the most sacred and serious of spaces and events. This is especially true in Western civilization which is beginning to exhibit all the symptoms of a civilization going down the toilet as today’s lead picture would suggest, where a false unity is sought in common Banks during the week and soccer games on Sunday. Christ and Marx identified who those greedy money changers were and dealt with them accordingly. It is up to us to accept or reject that kind of ethics and philosophy of life. As Jefferson said once: to subsume freedom to financial prosperity is to run the risk of losing both. The putrid financial world of soccer is prime example, if we ever needed one.

Leah Sellers2013-03-17 00:35:49
The Mighty King and Queen Cons are still chest thumpingly Playing bingle-bangle-bungle in the Banking and other Wheelin'-and-Dealin' Economic Jungles !
It's enough to Make the Whole World Bananas and Coo-Coo-Nuts ! Hoo-Hoo ! Hee-Hee ! Haa-Haa!

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