Author Topic: German Social Democrats "declare war on banks"  (Read 852 times)

Verbal Mike

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German Social Democrats "declare war on banks"
« on: September 27, 2012, 12:45:41 pm »
Germany’s centre-left Social Democrats kicked off their election campaign with what was described as a declaration of war on the banks, sparking fears in the sector that it could force the conservatives to follow suit.

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Re: German Social Democrats "declare war on banks"
« Reply #1 on: September 27, 2012, 01:55:30 pm »
More likely this is about shaving votes off from Die Linke than forcing Merkel to do anything.

And just who will be controlling this vast sum of money?  I can't help but notice it will be a European fund, suggesting EU control.  I wonder exactly what conditions will come with the use of those funds, and whether it'll end up being states who have to do the begging, instead of banks.

Germany's never-ending quest to control every aspect of EU financial policy is ample cause for suspicion of any new policy out of Berlin, especially when it is so attractively packaged.