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Keyword: anicapitalism

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  • And shall we die for the banks?

    12/11/2010 3:37:38 PM PST · by DeaconBenjamin · 15 replies
    Press Europ ^ | Gheorghe Piperea
    Between October 2008 and October 2010, the European Commission approved 4,589 billion euros, the equivalent of 45 years of Romanian GDP, of state support to banks. And this may not include all of the funding for financial institutions, because our overly generous Commission has not been too eager to count the cost of this policy. One thousand billion euros were spent in 2008 and 250 million in 2009. At the same time, the total for state support to all other sectors of the economy was only 73 billion (less than one sixtieth of the sum for banks). The figure for...