Quote:
Originally Posted by Will21st
Eh,where's this coming from? The  was actually meant in jest,I think it's funny and simply a fact. How you go from that to Versaille and Hitler I don't know. |
The serious point behind the jest is, history tells us that wringing Germany until the pips squeak in order to redistribute her wealth around the continent - as happened in the form of war reparations agreed at Versailles in 1919 - works only up to a point. Sooner or later the German people realise what's going on and start looking for people who will promise to put a stop to it.
Cypriot savers are being screwed by the EU because German wealth is the only thing that makes any Euro-bail-out plan believable, therefore the plan has to be acceptable to German politicians who want, above everything else, to keep their electors from beginning to think the Euro is a bad idea.
However, IMO they needn't bother, sooner or later reality will dawn and the wheels will well and truly come off. If the Euro fails (and I think it will), it is at least as likely that it will be Germany that leaves, rather than one of the Club Med countries being kicked out.