Barroso Blames American Capitalism for Eurozone Crisis

I realised that I never talked about this here at TRS. A little while ago, Jose Manuel Barosso, decided to place the blame for the Eurozone-crisis on America and American capitalism. Who Barosso is? The current president of the European Commission and the guy who supposedly runs the show together with EU President Herman van Rompuy. Here’s an excerpt from The Guardian:

The opening day of the G20 summit was threatening to deteriorate into a fractious row between eurozone countries and other non-European members of the G20, notably the US, as EU commission president José Manuel Barroso insisted the origins of the eurozone crisis lay in the unorthodox policies of American capitalism.

As Europe’s leaders came under intense pressure to act decisively to cure the euro’s ills, and a campaign gathered pace to relax some of the austerity programmes laying waste to countries with unsustainable debt levels, Barroso said Europe had not come to the G20 summit in Mexico to receive lessons on how to handle the economy. Asked by a Canadian journalist: “Why should North Americans risk their assets to help Europe?” he replied: “Frankly, we are not here to receive lessons in terms of democracy or in terms of how to handle the economy.

“This crisis was not originated in Europe … seeing as you mention North America, this crisis originated in North America and much of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market.”

Blaming the United States for all world’s problem is not suprising coming from the likes of Barroso. It’s a simple way out when you want to ignore real problems (like the Eurozone itself).

How about some common sense instead? Here’s Mr. Nigel Farage taking down the “ex”-communist Barroso:

[youtube http://www.youtube.com/watch?v=5OtlV6NR9kk]