Europe's Politicians Side with the Protesters

[marmar]

from Der Spiegel:



Hundreds of thousands took to the streets in Europe and around the world this weekend to protest against the global banking system. Politicians in Europe, engaged in their own dispute with the banks, stood firmly on the side of the demonstrators.

The numbers were far from overwhelming. Some 20,000 people on the streets of Lisbon, around 10,000 in front of the Reichstag in Berlin, a few thousand each in London's banking district and in Rome's city center. Five-thousand rallied in front of the European Central Bank in Frankfurt.

Taken together, though, the hundreds of anti-bank protests held in over 80 countries around the world on Saturday -- an outgrowth of the Occupy Wall Street movement in the United States -- have been difficult to ignore. And an increasing number of politicians have launched efforts to tap into the anti-bank anger.

German Finance Minister Wolfgang Schäuble, a member of Chancellor Angela Merkel's conservative Christian Democrats, vowed in a Sunday evening television interview that he was taking the protests "very seriously" and said that banks need to submit to "clear controls and transparency for all parts of the banking business." ...........(more)

The complete piece is at: http://www.spiegel.de/international/europe/0,1518,792199,00.html

[jwirr]

1. Hopefully they will take action to regulate their financial institutions

and make those laws hobble the American banks to the point that it will help the world. Our politicians seem to ignore the needs for regulation.