"Inquiring minds are reading details of a Speech by Joaquín Almunia Vice President of the European
Commission responsible for Competition Policy on October 4, 2011.
Since 2008, people throughout the EU have been asked to accept the huge government bailout of the financial sector and to endure the austerity measures required to bring public finances under control.at http://globaleconomicanalysis.blogspot.com/2011/10/restructuring-plans-underway-for.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
These measures touch directly the lives of citizens; this is why I believe that we need to be as transparent as possible with them. And – of course – we need to do our utmost to make the most efficient use of public money.
It is crucial that we explain to our citizens why this aid was necessary to avert the collapse of the financial system..."
