{"id":184338,"date":"2012-05-30T19:25:00","date_gmt":"2012-05-31T00:25:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/05\/30\/billions-for-the-banksters-but-not-one-cent-for-the-citizens\/"},"modified":"2012-05-30T19:25:00","modified_gmt":"2012-05-31T00:25:00","slug":"billions-for-the-banksters-but-not-one-cent-for-the-citizens","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/05\/30\/billions-for-the-banksters-but-not-one-cent-for-the-citizens\/","title":{"rendered":"Billions for the Banksters, But Not One Cent for the Citizens"},"content":{"rendered":"<p>The European Commission is <a href=\"http:\/\/www.bbc.co.uk\/news\/business-18261969\">recommending a massive bailout for the banks<\/a>, but nothing to help the citizens:<\/p>\n<blockquote style=\"color: blue;\"><p>The European Commission has proposed that money set aside for helping governments should be used to bail out ailing banks directly.<\/p>\n<p>The commission also pushed for more integration through a euro-wide &#8220;banking union&#8221; and a single deposit protection scheme to protect savers.<\/p>\n<p>&#8220;Flexibility and speed are of the essence,&#8221; its head Jose Manuel Barroso said.<\/p>\n<p>The call comes as fears over the health of Spanish banks have shaken markets.<\/p>\n<p>Bankia, Spain&#8217;s fourth largest bank, has asked for another 19bn euros recently from Madrid, which itself is struggling to get spending under control to meet its deficit targets.<\/p>\n<p>&#8220;To sever the link between banks and the sovereigns, direct recapitalisation&#8230; might be envisaged,&#8221; the commission said.<\/p>\n<p>The commission&#8217;s comments are part of its analysis of Europe&#8217;s response to the debt crisis. &#8220;The economic situation in the euro area deteriorated significantly over the last year,&#8221; the commission said.<\/p><\/blockquote>\n<p>But the answer real pain of ordinary people is for them to suck it up.<\/p>\n<p>This is f%$#ed up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Commission is recommending a massive bailout for the banks, but nothing to help the citizens: The European Commission has proposed that money set aside for helping governments should be used to bail out ailing banks directly. The commission also pushed for more integration through a euro-wide &#8220;banking union&#8221; and a single deposit protection &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,969,1004,985],"tags":[],"class_list":["post-184338","post","type-post","status-publish","format-standard","hentry","category-europe","category-evil","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184338"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184338"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184338\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}