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Old 21-07-2015, 15:26   #1803
Osem
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Re: Eurozone will collapse...

You and I are clearly not going to agree about what constitutes external 'help' and whether it was right morally or otherwise. The fact that other countries and banks have done the same thing doesn't make it any better or worse IMHO. The banking practices which were widespread and accepted/overlooked/turned a blind eye to pre 2008 but aren't now are an example of how what's deemed acceptable and what isn't is subject to change. The Greeks are the issue now and I dare say the extent to which other countries have employed dubious accounting methods in order to hide their economic problems will be more fully exposed in due course and a good number of chickens finally come home to roost.

http://www.theguardian.com/business/...ed-libyan-fund

http://www.huffingtonpost.com/2011/0..._n_849708.html

Banks clearly aren't immune from wrongdoing as the various regulators prove regularly. with all those heavy fines they impose. Neither are they strangers to legal actions but only the courts can decide what is or isn't legal in the final analysis and only time will tell...
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