Saturday, 9 July 2011


According to Reuters the EU is to come up with a support system for banks if they fail the bank stress tests which are released next week.
The deal will give banks 6 months to find the money privately before being bailed out.
Come on! No seriously, what happened to no, nope, never again? It's quite simple, if a bank fails, it fails. There is no logically reason for taxpayers once again to bail them out, it was a mistake the last time, it is a mistake now!
Of course, this has nothing to do with the perilous state German banks are in is it!?!

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