A very good question

From Andrew Bolt in Oz via Counting Cats a very good question; why are European member countries paying billions into the ECB? The rubber stamps in this press conference obviously don’t have a clue.

The Irish, Spanish, Portugese and Greeks ran up massive debts on their EU ‘credit cards’ of course (Often to satisfy EU ‘directives’), but the European banking system is so far out of balance that its a wonder everything hasn’t already gone belly up. Nice to see the public face squirming though.