German
TV Award 2013
50 billion
euros in Greece, 70 billion euros in Ireland, 40 billion euros in
Spain - one Euro-country after another is forced to support its banks
with huge sums of money in order to equalize the losses incurred by
money worldwide from bad loans. But where do the billions go anyway?
Who are the beneficiaries? With this simple question the
award-winning business journalist and nonfiction author Harald
Schumann travels across Europe and gets surprising answers.
The rescued
are not in the poorer Euro states - unlike commonly believed - but
mainly in Germany and France. A large part of the money ends up with
the creditors of the banks that want to be saved or must be saved.
And although these investors have obviously made bad investments,
they are - against all logic of the free market economy - protected
at the expense of the general public against any losses. Why? Who
gets the money? Actually, simple questions, but that regard the core
of European identity. Maybe the most passionate film on the banking
crisis.
Watch
the revealing documentary:
No matter how deeply one investigates it's nearly impossible to tell who/what is at the penultimate top. B.I.S? I.M.F? Rothschild?
ReplyDeleteVery interesting site.