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Merkel Slams Irish Bankers As “Impossible To Stomach”

Posted By yihan On June 28, 2013 @ 11:28 am In Money Watch | Comments Disabled

Zero Hedge [1]
June 28, 2013

The ‘outing’ of the Irish bankers [2] for gaming the central bank and mocking zee Germans has infuriated an election-hungry (and purse-string-holding) Angela Merkel. Appealing to he populist roots, Reuters reports [3], Merkel exclaimed, “For people who go to work each day and earn an honest living, this kind of thing is very hard to take, it’s impossible to stomach.”

Germany is concerned it will be asked to rescue more mismanaged banks (even with the template of bank resolution in place) as she adds – perhaps most prophetically, “this is really damaging to democracy, the social market economy and all that we work for.”

Of course, this show of disdain seems highly hypocritical since Merkel’s main role is to keep Deutsche Bank alive (as we explained in words and pictures here [4])…

Merkel Slams Irish Bankers As Impossible To Stomach German%20GDP%20vs%20DB%20Derivatives 1 0 [5]


as we noted previously – If nothing else, it should make clear, once and for all, just who is truly calling the Mutually Assured Destruction shots in Europe.


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URL to article: http://www.prisonplanet.com/merkel-slams-irish-bankers-as-impossible-to-stomach.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/node/475824

[2] ‘outing’ of the Irish bankers: http://www.zerohedge.com/news/2013-06-24/anglo-irish-picked-bailout-number-out-my-arse-force-shared-taxpayer-sacrifice

[3] Reuters reports: http://uk.reuters.com/article/2013/06/28/uk-ireland-banks-merkel-idUKBRE95R02U20130628

[4] we explained in words and pictures here: http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan

[5] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/German%20GDP%20vs%20DB%20Derivatives_1.jpg

[6] Irate Germany Summons Iranian Ambassador After Angela Merkel Plane Denied Access Over Iran Airspace For Two Hours: http://www.prisonplanet.com/irate-germany-summons-iranian-ambassador-after-angela-merkel-plane-denied-access-over-iran-airspace-for-two-hours.html

[7] Merkel Says Germany Ready to Do `Whatever Needed’ to Save Euro: http://www.prisonplanet.com/merkel-says-germany-ready-to-do-whatever-needed-to-save-euro.html

[8] Merkel To Europe: “Prepare To Cede Sovereignty”: http://www.prisonplanet.com/merkel-to-europe-prepare-to-cede-sovereignty.html

[9] Merkel and Medvedev split over European peacekeepers: http://www.prisonplanet.com/merkel-and-medvedev-split-over-european-peacekeepers.html

[10] Merkel urges Israel not to strike Iran: report: http://www.prisonplanet.com/merkel-urges-israel-not-to-strike-iran-report.html

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