Sunday, March 14, 2010

Merkel Slams American Banks... German Chancellor Angela Merkel criticized market speculation against the euro, saying that financial institutions bailed out with public funds are exploiting the budget crisis in Greece & elsewhere... "That’s very difficult to explain to people in a democracy who should trust us"... criticizes those banks "that brought us to the brink of the abyss" - thinks it would be a 'scandal' if those same banks were found to have helped Greece obscure its finances... 1st article: http://www.businessweek.com/news/2010-02-23/merkel-slams-euro-speculation-warns-of-resentment-update1-.html ... 2nd article: http://www.guardian.co.uk/business/2010/mar/08/us-banks-european-bond-trading (3*)

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