Douglas Carswell's Blog

Another bailout "rescue"

Remember how Greece was “rescued” by a Euro 110 Billion bailout last May? That, at least, was the bovine analysis put forward by much of the mainstream media at the time.

With another Greek “rescue” on the cards, I wonder if the churnalists will recycle the official press briefings yet again?

Perhaps this time the pundits might like to mention how, thanks to the bailouts, private banks who invested in Greek bonds have been able to pass their (almost worthless) bits of paper on to the European taxpayer?  

With Greece debt growing faster than her economy, perhaps at some point in their reports, our commentators might at least question if these bailouts will actually solve the problem?

Who knows, our media elite might even give some airtime to the argument that certain Eurozone countries should default and decouple?   

The crisis in the Eurozone has revealed that a lot of mainstream media analysis is almost as bankrupt as the Greek government.

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