Press TV has conducted an interview with Edward Spannaus, editor of the Executive Intelligence Review, to share his opinion on this issue.
The following is a transcript of the interview:
Press TV: We have Spain, Greece, Portugal, you name it, most European countries are going bankrupt. I mean, just what has caused the crisis in the eurozone?
Spannaus: Well they are bankrupt but it is not the countries that are bankrupt, it is the international banking system, the whole monetary system is bankrupt because the system has been destroyed by speculations, by derivatives and by the collapse of real production.
So much for France's denials!