German and French banks must take a hit
ECB boss Jean Claude Trichet recently had the cheek to place all the blame on the Irish banks and will shortly ride off into the sunshine with a big fat pension.
The German and French banks are not taking any responsibility for this reckless lending.
The German Chancellor, Angela Merkel and the French President Nicolas Sarkozy are without a doubt going to protect their own banks and taxpayers, as both are under pressure politically in their respective countries. One wonders who were the prime suspects in sending in the IMF/EU to protect their own interests.