Britalian

German Chancellor Angela Merkel came under fire over the weekend for telling German citizens that the government would secure their deposits.

She has now been forced into an embarrassing clarification and has stated that she did not mean the government would actually guarantee deposits but that the government had a political commitment to protecting investors.

So when a German bank goes under, how exactly does one go about claiming their money bank under a political commitment? It is typical of the bland statements being thrown about by politicians the world over.

In the UK, Alastair Darling said he would do everything possible to resolve the situation. That doesn’t actually mean anything. Now Merkel has to admit that she did not mean what she said.

What people need now is a trust in their leaders that at the very least, this situation will not be allowed to happen again. It is no good bleating about how much the wasters in the City get paid for pressing buttons when nothing was done at the time about some suspect financial instruments.

Instead what we have now is leaders who are selling their citizens down the river, saddling us with debt for decades to come.