German economic advisor admits banks getting billions of eurozone bailout money, not Greece, Portugal or Ireland


It was a frank admission, and it came at the end of a report by Der Spiegel, which tried to portray the growing political opposition to the eurozone bailouts as a sign of  “egoism.”

Peter Böfinger, an economic advisor to the German government, said that the Berlin should come clean about the fact that the billions in eurozone bailouts are going primarily to German banks.

http://www.spiegel.de/wirtschaft/soziales/0,1518,762097,00.html

 “[The bailouts] are first and foremost not about the problem countries but about our own banks, which hold high amounts of credit there,” he said.

Well, Peter, I do think more many people in Germany realise that Deutsche Bank and co are making record profits because of the money it is sucking out of the tax payers of Greece and Germany.

But I don’t think it is going to be of much cheer up to Germans already fed up with having to hand over their money to Deutsche Bank and co via national bailouts to find out that the rest is going to Deutsche Bank and co via international eurozone bailouts that violate the Lisbon Treaty.

6 Responses to German economic advisor admits banks getting billions of eurozone bailout money, not Greece, Portugal or Ireland

  1. [...] Continue Reading: German economic advisor admits banks getting billions of eurozone bailout money, not Greece, Portuga… [...]

  2. Everybody ought to know by now, that the bailout money does not go to the nations in debt, but straight to the banks. How stupid of us, to give the key to the vaults to some creeps we cant control. Now they are stealing our money, throwing it away, and that of generations to come! How can we stop them? STOP VOTING!

  3. greenberry says:

    And as a consequence get in controll of yourself. Not letting someone else or other more than you or Your Creator to have that. And they wont be able to touch you with anything on this earth.

  4. Thats easy for you to say, greenberry, but I am 100% disabled, practically blind and hardly able to walk. I depend on the creeps for my lifelyhood, my money and my medicin, without which I can not go on living. So how could I follow your recomendations?

  5. [...] German economic advisor admits banks getting billions of eurozone bailout money, not Greece, Portuga… Jane Burgermeister | May 13, 2011 at 11:42 am | Categories: Uncategorized | URL: http://wp.me/puNtl-1eb [...]

  6. greenberry says:

    Sorry about that. Unfortunately
    so many of us depending upon the system in one way or the other. We wont probably not in our life time get rid of it so easily and it will need time. However I would never say or advice anything if I wasnt willing to apply it also to myself. My hope is that future
    generations can work their way out of the dependency. And as for now we can only do what we can. That should be good enough.

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