Why all the hate on Germany? Let’s not forget, it’s the bankrupt Cyprus government that is asking for a bailout. The rest of the EU is just setting the terms, harsh as they may be.
It might be true, but it was EU officials who granted Cyprus membership.
If they are a monetary union it is pretty fair if Cypriot failure is getting paid by EU, not investors who has their money in Cypriot=EU banks.
It is not hate.
Just look at what Germany is doing.
Germany is working the financial system.
Russia is working the energy system.
My bet is on Russia. Putin, as repulsive a person as he is, is probably the smartest person in that part of the world.
The EU, of which the Germans are most influential, is working the financial arm of the EU about the same way that the feds are working the regulation of our banks.
Think about it. They are requiring sovereign countries that they must write their budget on terms that the EU approves and submit them to the EU for approval.
They are setting other conditions. That is very similar to the way the feds force US banks to conform.
At has long been recognized that he who writes the checks writes the rules.