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So the Greek bonds get a haircut and in the process the Cyprus banks are thrown under the bus. At the same time Germany, the Netherlands and Finland enjoy the c
by yk 14y ago
So the Greek bonds get a haircut and in the process the Cyprus banks are thrown under the bus. At the same time Germany, the Netherlands and Finland enjoy the capital influx of insurances and some fonds, who are regulated such that they can only invest in the Eurozone. These capital influx creates a nice boom, low unemployment and ensures the reelection of the idiots who did throw Greece under the bus in the first place.
This crisis would be so funny, if it would occur on any continent I don't live on.
- pasiaj 14y agoWho do you think threw Greece under the bus?
- deleted 14y ago[deleted]
- yk 14y agoFor example Germany. ( I am not sufficiently knowledgeable on the interior politics of the other eurozone members to assert with any confidence that they were purely motivated by their chance of reelection. )