With most of the European economy grinding to a halt and much of the so called PIIGS (Portugal, Ireland, Italy, Greece, Spain) in near collapse Europe’s answer to the crisis when talking to the world press is to still try and blame America. When asked a question by a Canadian reporter at the G0-20 summit in Mexico about why should North Americans continue to invest in Europe European commission president Jose Manuel Borroso could only respond with this below.
“Frankly, we are not here to receive lessons in terms of democracy or in terms of how to handle the economy.
“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.”
These kind of comments from European leaders are nothing new, in fact, it is what they really believe. In spite of all the evidence smacking them in the face on a daily basis that the Euro as it is presently constructed does not work they continue to try and blame America for their own mess. It is really somewhat sad and pathetic. The Euro was a time bomb waiting to go off and now that it has you cannot try and glue all the pieces back together the same way as before. Europe is being led by incompetents who cannot seem to face up to reality. Unfortunately the real losers in this mess are the people of Europe who were sold the lie that is the Euro and now only ten years since introduction they find their entire economic system near collapse because of it.