Feel The Greed.

At their recent meeting the International Monetary Fund (IMF) discussed ways to protect the Eurozone from Greece's continuing economic problems. The key proposal agreed upon was to increase the size of the European Financial Stability Fund (EFSF) and expand it's remit to allow it to make payments to private financial institutions like banks rather then just national governments. Since then we've seen the threatened collapse of a Franco-Belgian bank, Dexia and the downgrading of Spain's and Italy's sovereign credit ratings along with the downgrading of the credit worthiness of a range of European banks including Britain's Lloyds TSB/HBOS behemoth.

This is all pretty obviously the financial sector trying to position itself to suck as much money as possible out of the European (mainly German) taxpayer as part of a second banking bailout.

The British Finance Minister George Osborne spoiled the party though by responding to the British banks downgrade by effectively announcing that Britain won't be spending anymore money to bail out banks. This prompted the French based Euromillions pan-European lottery to award the £101million top prize to a British ticket holder. Or treat Britain to Finance: 101 if you prefer.

Although to be expected from France this reaction was very disappointing because while there are a handful of mainly Italian banks which will require some level of limited support from the EFSF to prevent a second global banking crisis the vast majority of European banks will either have to rely on their own national governments for support or actually have to make a loss because they've made bad investments. The fact that the other members of the Euromillions cell haven't accepted this and were prepared to endorse France's message to Britain indicates that there are still plenty of European political leaders intent to keep hammering away at that self-destruct button.

So now they've been reclaimed by genuine activists and begun to regain some credibility it's seems the perfect time for the Occupy Wall Street protests to spread though out the Eurozone countries but become protests against another banking bailout like the one that created the current sovereign debt crisis.