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  1. #11
    Sovereign Oppressor Member TIE Fighter Shooter Champion, Turkey Shoot Champion, Juggler Champion Kralizec's Avatar
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    Default Re: The continuing battle against the inevitable Euro area default

    I found out the other day that I have some Scottish ancestry. Then again, they're not your family either, are they?

    If the Cypriots think they're being screwed over by other European countries, they need to realise:
    1) at some point the assets of Cypriot banks equaled 7 times the size of their own GDP. The financial and economic policies of their government may not be the fault of the average Cypriot bloke, but it sure as hell isn't the fault of the Finnish, Dutch or French taxpayer
    2) if they weren't an Eurozone member, their government would probably have devalued its currency by now, which would have been far worse then a single, one-off 6% tax on their deposits.

    But regardless I'm sure that whatever I say, some people (not you) will find always find way to argue that Cyprus' woes are not in any way the responsibility of the country in question but rather an expression of German racism.
    Last edited by Kralizec; 03-26-2013 at 00:13.

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