crisis
05/05/10
The attack against European economy is going on. This was self-evident since 2 years ago because
- we didn't change rules of financial markets
- we use public money to save private banks without any sanction against them so they have been implicitly encouraged to follow their behaviour
- we don't accept to be poorer because before we had a fake status of wellness.
Therefore, the crisis will restart in an harder way because public institutions don't have funds anymore and we don't have a political leadership able to impose more constraints on banks.
We need more European rules because each member state is too little and can't face this crisis.
