“At a news conference, Mr. Jagland said the committee had “no ambitions” that the $1.2 million prize would solve the multibillion-euro crisis, and suggested that the origin of Europe’s current economic uncertainty was the United States.
“There are many things to say about the economic crisis — where it originated, for instance,” he said. “It started in the United States, and we had to deal with it.”
He added, “It started with Lehman Brothers.”
Thorbjorn Jagland - Chairman of the Nobel Prize selection Committee, former Norwegian Prime Minister
Nobel Committee Awards Peace Prize to European Union - NYTimes.com
I don’t know he is misquoted or mistranslated (well, suppose he probably can speak English) - or
Well, Europeans bought those securitized debts - from USA - and also quite many of them went for real estate bubble or similar ‘credit (debt or even cooked-books) based’ bubble scheme too.
Though true if Lehman wasn’t dropped that way - the unfolding could have been quite different.
But I really don’t know far up north in Norway - the ex-prime minister really understands the mechanisms of how this global catastrophe was prepared (by many)
Or just speaking out of ill-informed mind, ignorance and Anti-American sentiment.
October 12, 2012, 11:05am 1 note