Post
Topic
Board Economics
Re: European Union is robbing its citizens' bank accounts. 9.9% to be confiscated.
by
Akka
on 26/03/2013, 14:52:22 UTC

The argument I see Germans making is that Germans shouldn't have to bail out other people who work with the same monetary system as them because Germans aren't responsible for anybody but Germany.  That is socialist nationalism.  If the Cypriots were German then yeah, they would bail them out, but they are from Cyprus so the Germans won't bail them out.  It is socialist, but only applying to people within Germany, which makes it nationalist as well.

No the argument is that Germans should not have to pay the profits people made by putting their money into (indirectly) into high risk investments.

You understand the words high and risk, do you?

Cyprus Banks paid outrages interest rates compared to other European banks. Due to their high risk investments and all depositors provided from this.

Why should German Taxpayers pay this?

Wow and the nazi club, did you came up with this all by yourself? Cause this is brilliant, seems to always work against Germans.


And gain:

Nobody here in Germany says Cyprus should not be bailed out, everyone here knows that this is necessary and important.

But Germany can't just bailout everyone. You are aware that Germany doesn't have this money. We have to lend it ourself and pay interests on it.

It has to hurt the people who provided from this mess, too.