Europeans shuffle deck chairs on the Titanic

Discussion in 'Markets & Economies' started by nonrecourse, Sep 17, 2011.

  1. nonrecourse

    nonrecourse Well-Known Member

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    Since the 1960's Canadians & Australians have been lectured by our European Souffle' cousins and septic tank brothers about free trade while subsidising their argriculture and manipulating their currencies. The global financial crisis has not changed their cheating ways as evidenced by the Bassel III capital ratio's of 8 percent (sic). This article says it all;


    http://www.businessday.com.au/busin...-from-the-bankers-bunkers-20110915-1kbt9.html

    Kind Regards
    non recourse
     

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