Tuesday, June 19, 2012

Eurozone crisis originated in North America

"This crisis was not originated in Europe … seeing as you mention North America, this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market."  José Manuel Barroso at the G20 summit in Mexico, 19th June 2012
Well, how did $34 trillion dollars suddenly appear in global capital markets between 2000 and 2007?


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