So, a quick summary: The Germans don’t want a Cyprus collapse / exit from the euro, but they also don’t want the spectacle of German taxpayers bailing out Russian money-launderers. So what they did instead was blackmail Cyprus into having Cypriot depositors bail out Russian money-launderers. That way Germany’s hands are clean.
Am I missing something?
http://krugman.blogs.nytimes.com/2013/03/19/shorter-cyprus/
Τετάρτη 20 Μαρτίου 2013
Paul Krugman: Shorter Cyprus
March 19, 2013,
So, a quick summary: The Germans don’t want a Cyprus collapse / exit from the euro, but they also don’t want the spectacle of German taxpayers bailing out Russian money-launderers. So what they did instead was blackmail Cyprus into having Cypriot depositors bail out Russian money-launderers. That way Germany’s hands are clean.
Am I missing something?
http://krugman.blogs.nytimes.com/2013/03/19/shorter-cyprus/
So, a quick summary: The Germans don’t want a Cyprus collapse / exit from the euro, but they also don’t want the spectacle of German taxpayers bailing out Russian money-launderers. So what they did instead was blackmail Cyprus into having Cypriot depositors bail out Russian money-launderers. That way Germany’s hands are clean.
Am I missing something?
http://krugman.blogs.nytimes.com/2013/03/19/shorter-cyprus/
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