Tuesday 30 April 2013

Germany says: you pay for your bankruptcies, we'll pay for ours

It has become clear that , with the Cyprus precedent,
peripheral countries will have to pay for their own
bailout.

Despite Merkel insulting the PIIGS and saying they
need the Troika, it is German taxpayers who are
paying for Deutschbank's bankruptcy, not Greece
and others.
That's the way it should be.

more soon