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
If you want to add your voice and contribute to this existing news event, use the event code
(Event Code: @12629895), that you will find on each news event page, as the first word of the
SMS or MMS message followed by a space then add your contribution (text, image or video). For example:
@12629895 This is an amazing video of Greg Norman hitting a hole-in-one in Sydney, Australia.
The first word of the message should be @12629895 (event code), to make sure the system attaches
your voice to the right news event.