Video Related To: German Parliament Approves Bailout for Spanish Banks
The German Parliament (Bundestag) has approved Billions in a bailout for Spanish banks. The program worth up to €100 Billion (approximately $125 Billion) will run for approximately...
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Spanish bailout, Germany, Eurozone, Bundestag, Eurozone Economic Crisis, economics, Wolfgang Schäuble
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Video Source: www.youtube.com
Euro "crisis" (part 3): why all the billions? (ENGLISH)
In this fourth part of the documentary about the effects of the the euro we first see that the government is not very clear in explaining why the bailouts are supposedly unavoidable. This is an attempt to interpret what politicians say and the known facts, to get aclear picture why German taxpayers are forced to guarantee with billions of euros for other countries. Had Germany not helped, grave consequences could have emerged. - And that is the problem: Germany was put in a position that its wealth is in danger. And the only reason for it is the introduction of the euro. The euro itself IS the problem. Why this is the case, this documentary tries to explain. The politicians try to solve a crisis they - and only they - created. Not an unusual thing sadly. Instead of looking for a solid soluttion for the future (liberation from the euro), the problem is perpetuated and made worse by the German policy of bailouts. This is clearly an attempt to set up a permanent transfer union to the detriment of Germany. The ECB is making everything worse... Discussions about Greek debt restructuring www.economist.com
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Video Source Url: http://www.youtube.com/watch?v=zog9-YHkyu4
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