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To: GrootheWanderer

If Germany didn’t bail out Cyprus’ banks, it would have likely led to a systemic banking failure. And then the Cypriots would’ve had bupkis.

There were two big banks on the verge of insolvency, and the Central Bank of Cyprus couldn’t have bailed them out. If those two went, well.........that’s that. Game over for Cyprus, at least the Southern part of it.


26 posted on 03/17/2013 4:00:29 PM PDT by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: AnAmericanAbroad

The ones who save their money are not the ones who cause the debt crisis and welfare state! What don’t you understand?


28 posted on 03/17/2013 4:03:32 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: AnAmericanAbroad

I think that those of us in America, Cyprus, and everywhere else who still do honest work and pay taxes are being played for fools by the global crony socialist government/media/banking cabal.

I no longer believe these lies that are told to us in the press; I think this is an organized effort to slowly loot the wealth of all nations, and while they’re laughing all the way to Davos and their own little private islands, the rest of us are left to beg for the scraps.


60 posted on 03/17/2013 5:29:56 PM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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