Quote:
Originally Posted by pimpware
The politicians dream, the people pay the bill  |
The people spent the money from the politicians dream. It was used to bribe them.
The debts didn't disappear into the pockets of a few, it was used to pay public servants, over generous pensions, benefits, public works projects, etc. Like all the debts countries run up. Now the credit has run out and the banks don't want to lend and know if they don't the house of cards collapses.
So now loans are being used to repay debts and keep the house from collapsing.
Ross, my statement about criminals referred to the criminals taking advantage of EU regulations and laws. They found new ways of making money.