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They should use it against Schäuble.

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 12:45:15 PM EST
[ Parent ]
The problem is that from the reports so far, it seems like Stasi 2.0's proposal - screw the non-senior, unsecured, non-guaranteed creditors - was actually a very sensible sort of proposal. Which was shot down by the Cypriot government, because they didn't want to lose their money laundering business.

Now, that reading makes me a little bit suspicious that there's something we're not being told. Because noway-nohow is Stasi 2.0 the most sensible guy in the room. You can lay odds on that almost no matter who else is in the room.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Mar 17th, 2013 at 12:56:39 PM EST
[ Parent ]
In times such as these the next to worst definitely WILL NOT DO. Only the very worst option is acceptable.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Mar 17th, 2013 at 02:37:03 PM EST
[ Parent ]
Reuters: Germany would have protected insured deposits: Schaeuble (March 17, 2013)
The decision, announced on Saturday morning, stunned Cypriots and caused a run on cash points. Electronic transfers were stopped.

"It was the position of the German government and the International Monetary Fund that we must get a considerable part of the funds that are necessary for restructuring the banks from the banks owners and creditors - that means the investors," German Finance Minister Wolfgang Schaeuble told public broadcaster ARD in an interview.

"But we would obviously have respected the deposit guarantee for accounts up to 100,000," he said. "But those who did not want a bail-in were the Cypriot government, also the European Commission and the ECB, they decided on this solution and they now must explain this to the Cypriot people."



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 06:41:18 PM EST
[ Parent ]
Because noway-nohow is Stasi 2.0 the most sensible guy in the room. You can lay odds on that almost no matter who else is in the room.

FLIGHT OF THE CONCHORDS - THE MOST BEAUTIFUL GIRL IN THE ROOM LYRICS

Looking round the room,
I can tell that you
Are the most beautiful girl in the...room.
In the whole wide room
Oooh.

And when you're on the street
Depending on the street
I bet you are definitely in the top three
Good looking girls on the street
Depending on the street



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Mon Mar 18th, 2013 at 05:01:44 AM EST
[ Parent ]

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