Now the banks are to blame for global warming!
While worldwide banks are not to blame for global warming, you could be mistaken for thinking so with Gordon Brown and Nicolas Sarkozy suggesting that a worldwide banking tax should be used to fund the climate change investment (something which has been promised for years by the EU). The proposal that worldwide banks put billions upon billions of pounds into saving the planet is one of the more bizarre reasons for implementing a banking tax.
It seems that the banking industry is being blamed for everything from social deprivation to climate change and everything else in between. The truth is that EU countries have promised billions upon billions of euros to bail out Third World countries and then often come up short when the money needs to be paid. By cleverly deflecting criticism of the EU's handling of the climate change situation, by bringing in the banking industry, we now have a new target and a new demon to attack.
The banking industry, for many years the engine room of the worldwide economy, has come in for so much criticism over the last few months that you could be mistaken for assuming it is in fact the devil in disguise. The truth is the banking industry has brought in billions upon billions upon billions of pounds of tax around the world and funded many governments time and time again.
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