Dijsselbloem Admits "We Used Taxpayers' Money To Bailout The Banks" | WHAT REALLY HAPPENED


Dijsselbloem Admits "We Used Taxpayers' Money To Bailout The Banks"

“We had a banking crisis, a fiscal crisis and we spent lot of the tax-payers’ money – in the wrong way, in my opinion – to save the banks” outgoing Eurogroup head Jeroen Dijsselbloem said adding “so that the people criticizing us and saying that everything was being done for the benefit of the banks were to some extent right.”

As KeepTalkingGreece.com reports, Dijsselbloem was responding to a question posed by leftist MEP Nikos Chountis during a session at the European Parliament’s Employment and Social Affairs Committee on Thursday.

“This is valid for the banks of all our countries. Everywhere in Europe banks were saved at taxpayers’ cost,” he underlined.

“This was the reason for banking union and the introduction of higher standards, better supervision and a reform and rescue framework when banks have losses,” he said stressing “precisely so that we don’t find ourselves in that situation again.”

Despite the admission he supported the fiscal programs for Greece. He claimed that “there have been measures to boost employment.” He confirmed “even today when I spoke with the [lenders’] institutions they assured me that the third review is going well.”

The labour market reforms adopted by Greece had brought “clear improvements” that were reflected in the latest unemployment figures in the country, Dijsselbloem said without daring mentioning, of course, the rise of part-time and flexible work contracts that ‘bless’ workers with wages that cannot feed them.

He said that Greece has implemented a great many labour market reforms as part of its programme, which sought to increase the competitiveness of the Greek economy by making the labour market more flexible and correcting imbalances.

Webmaster's Commentary: 

There is something glaringly, institutionally wrong when these vile economic evils are committed, and no one goes to jail.

The Greek people got railroaded, big-time, at the expense of the banks, and those executives creating these situations should be tried and convicted by a jury of their peers, period, end of discussion.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA