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At some point, surely some government has to wake up and say, "Fuck this shit, we're out."
Allegedly that's what Schäuble wanted: "fuck this shit, either you tax deposits or you're out".

Comprador elites don't want out. At least not before they have had a chance to send their money to Düsseldorf.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Sun Mar 17th, 2013 at 12:38:36 PM EST
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Well, also, Cyprus is the ideal case for Schäuble's blackmail - a small real economy, currently overbalanced by a financial sector that exists in part as a way-station into the the Eurozone...
by Metatone (metatone [a|t] gmail (dot) com) on Sun Mar 17th, 2013 at 12:46:12 PM EST
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Right, but at some point surely someone ought to call his bluff.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun Mar 17th, 2013 at 12:53:08 PM EST
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You need a primary government surplus, and no psychological hangups about being inadequately European.

Therefore, it has to be Italy or France.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Sun Mar 17th, 2013 at 12:54:50 PM EST
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(as the only one with a surplus)

But neither has a rightwing government right now, so there's going to be a hang up about being "serious" (and you see the permanent pressure by the establishment to explain that whatever they're doing not serious enough).

(I'd be willing to bet that Harz IV, praised by all serious people today, was seen as much too weak back then...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sun Mar 17th, 2013 at 01:08:32 PM EST
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So we're waiting for Berlusconi to win an election and ride to the rescue?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Mar 17th, 2013 at 02:27:29 PM EST
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This is the most plausible thing in the whole thread!
by paving on Mon Mar 18th, 2013 at 11:16:15 PM EST
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