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MAR 16, 2013 - Zero Hedge

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IMF: Eurozone Banks Are In Trouble, Trample Taxpayers and Democracy To Bail Them Out!

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Why is it that 17 nations have to fundamentally reorganize themselves and shift sovereignty away from national parliaments to new layers of centralized bureaucracies beyond democratic controls that can decide at will to extract untold wealth from taxpayers—just to save the banks? That’s what the Eurozone has to do, according to the “first ever European Union-wide assessment of the soundness and stability of the financial sector,” released Friday by the institution that the ... Read More

Tags: IMF: Eurozone Banks Are In Trouble, Trample Taxpayers and Democracy To Bail Them Out!,  Eurozone Latest News