I love how everybody runs to the Germans to bail them out, but when the Germans want to put conditions on the loans to actually solve their problems, everybody whines about how mean the Germans are. Fine; don’t take the money!
Tigger—the haircut is to insure a portion of THEIR OWN BAILOUT; the rest of the money comes from Germany and the EU. But the same thing happened in Greece.—look; they created their own problems with profligate spending and the national past time of tax avoidance, but when somebody you’ve asked to bail you out attaches strings, THEN you go into outrage mode?
Can’t say I blame the Germans from placing demands on Cyprus – after the problems they had with Greece, but for Cyprus to ask their people to help out the government, well, it may be the only way the government can get the job done. I don’t see any villains in this at all.
NDeeZ about 11 years ago
I love how everybody runs to the Germans to bail them out, but when the Germans want to put conditions on the loans to actually solve their problems, everybody whines about how mean the Germans are. Fine; don’t take the money!
NDeeZ about 11 years ago
Tigger—the haircut is to insure a portion of THEIR OWN BAILOUT; the rest of the money comes from Germany and the EU. But the same thing happened in Greece.—look; they created their own problems with profligate spending and the national past time of tax avoidance, but when somebody you’ve asked to bail you out attaches strings, THEN you go into outrage mode?
ru2dum020 about 11 years ago