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REPORT ABUSIVE REPLY
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Message Subject
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Cyprus banks may never open again
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Poster Handle
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Anonymous Coward |
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Post Content
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Don't you understand, I don't care about your russian bad boys. And so does noone else in germany. If they want their money back they should take care of it themselvse, not expect the german nation to pay for their dirt.
Quoting: Anonymous Coward 33724411 Yes, that´s true. Except that it´s more complicated than that. German banks are also exposed. And Germany wants to keep the euro. So, there are reasons Germany wants to get involved. By the way, the other half of Cyprus has the Turkish lira and none of the problems with the banks. The euro has created many of the problems, including the real estate bubbles and the excessive increase in public debt. Without the euro, local currencies would have depreciated and investors would have been cautious. Interest rates would have been higher and inflating real estate bubbles would not have inflated. Yes, its time to end the Euro for Cyprus. And I suspect Merkel and Schaeuble are ready for it. I think it would be better for Germany to leave the euro. Pretty much all the other countries want to print money. If they leave, the reconversion is a mess. If Germany leaves, it´s much more manageable. Also, Germany´s public debt is denominated in euros. If the euro loses value, Germany´s debt would start to vanish... without even having to pay for it! Good solution, there...............................tell that to the other guy in here...................LOL.
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