Saturday, October 20, 2012

EU citizens and private banks in a power struggle for survival

Source: Press TV

There is a power struggle between the EU citizens and the private banks. The EU is also struggling to use the crisis to destroy the sovereignty of individual member states. There is also a struggle between Germany and the EU member states.

The European Union needs to do something more dramatic than just saying that they'll have one super-bank which will regulate all the banks. This is not looking at the problem fundamentally. The UK has one of the worst banking systems.

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