4 ms·
Maybe he can propose to sell some of the German islands to cover the bailout.
by wobbleblob 11y ago
Maybe he can propose to sell some of the German islands to cover the bailout.
- kuschku 11y agoAnd then let Greece pay for the bailout! Good idea. We get rid of Sylt, and Greece has to pay.
- imarg 11y agoActually Greece has in a way already paid for a bailout of DB (+ other German & French banks). Just before the (famous?) PSI[1], the Greek state (through retirement funds, universities & other public and semi-public institutions) bought off a lot of (Greek) government bonds from these banks. Then the haircut happened. So instead for these banks to suffer the losses, they were moved to the taxpayer. [1] https://en.wikipedia.org/wiki/Private_sector_involvement https://en.wikipedia.org/wiki/Private_sector_involvement