The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Further, if the Greek bonds are not repaid because the Greek are rioting in the streets, then obviously it is those brown-skinned barbarians who don't understand civilised virtues of thrift and austerity that caused the virtuous, prudent and generous German banks to go bust. Whereas if the German banks go bust because they take the same, negotiated, haircut as everybody else, then it'll be a lot harder to prevent people from arguing that the bailout should come with strings attached.
And avoiding strings on the private banking sector is the point of the exercise. Sure, they may tear Europe apart in the process. But since when does the BuBa or the EPP care about the European interest?
Austerity can only be implemented in the shadow of a concentration camp.
by Cyrille - Apr 12 26 comments
by DoDo - Apr 6 39 comments
by Cyrille - Apr 8 6 comments
by Oui - Apr 16 2 comments
by ARGeezer - Mar 31 10 comments
by Zwackus - Mar 29 8 comments
by aquilon - Apr 3 157 comments
by Xavier in Paris - Mar 27 5 comments
by Oui - Apr 162 comments
by Cyrille - Apr 1226 comments
by Cyrille - Apr 86 comments
by DoDo - Apr 639 comments
by aquilon - Apr 3157 comments
by ARGeezer - Mar 3110 comments
by Zwackus - Mar 298 comments
by DoDo - Mar 279 comments
by Xavier in Paris - Mar 275 comments
by ManfromMiddletown - Mar 2066 comments
by DoDo - Mar 1818 comments
by ARGeezer - Mar 1737 comments