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JANE BURGERMEISTER REPORT:’True Finn leader calls euro bailout a “Ponzi scheme” and “extortion racket” in WSJ commentary’

True Finn leader calls euro bailout a “Ponzi scheme” and “extortion racket” in WSJ commentary

Jane Burgermeister | May 12, 2011 at 6:29 pm | Categories: Uncategorized | URL: http://wp.me/puNtl-1dW

Why I Don’t Support Europe’s Bailouts

Our political leaders borrow ever more money to pay off the banks, which return the favor by lending ever more money back to our governments.

By TIMO SOINI, Wall Street Journal

http://online.wsj.com/article/SB10001424052748703864204576310851503980120.html

When I had the honor of leading the True Finn Party to electoral victory in April, we made a solemn promise to oppose the bailouts of euro-zone member states. Europe is suffering from the economic gangrene of insolvency—both public and private. Unless we amputate that which cannot be saved, we risk poisoning the whole body.

To understand the real nature and purpose of the bailouts, we first have to understand who really benefits from them. Read more of this post

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May 12, 2011 - Posted by | Fighting corruption internationally, Internationally significant information, Jane Burgermeister Report

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