Re: Eurozone will collapse...
Quote:
Originally Posted by Damien
The situation is the same as before. If a bank collapses you may not get all your money back. The problem with Cyprus is that it's being portrayed as a raid on the banks to bailout the Government rather than a bailout of the banks themselves. It's important to remember it was the banks, and therefore their customers' money, that were about to fall. *
What people are asking for when they complain about the bail-ins and precedents is not that the EU intervened but that they didn't intervene enough. They wanted Germany/EU to increase the bailout money.
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Can you stop bringing facts into the discussion please?
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