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Old 18-03-2013, 15:32   #1052
Damien
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Re: Eurozone will collapse...

Quote:
Originally Posted by Chris View Post
The problem is not the fairness In principle of a quid quo pro imposed on the Cypriot State - it's the precise nature of it. They are proposing an arbitrary expropriation of the private wealth of citizens. As someone observed earlier, that is an utterly outrageous course of action anywhere except within a Communist State.
I agree it's outrageous and frankly stupid. Yet I don't think it's any kind of machiavellian scheme from Germany to control Europe, I think it's just a misguided attempt to soften their own contributions and to be seen to be responsible to their own voters. Germany's interest in these matters is not some World War 2 revivalism to control Europe by money instead of force but an attempt to limit damage to their own economy. I doubt Germany would give much of a toss about Cyprus if it posed no danger to them. It's the portray of Germany that bothers me.
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