Viking Supporters Co-operative

Viking Chat => Off Topic => Topic started by: Filo on March 25, 2013, 05:49:50 pm

Title: How to start a run on PIIGS banks
Post by: Filo on March 25, 2013, 05:49:50 pm

Tell the savers their money is next to be seized!

Are these Eurocrats really that stupid?

http://www.telegraph.co.uk/finance/financialcrisis/9952979/Cyprus-bail-out-savers-will-be-raided-to-save-euro-in-future-crisis-says-eurozone-chief.html

Title: Re: How to start a run on PIIGS banks
Post by: Sprotyrover on March 25, 2013, 05:51:55 pm

British Banks must have paid him a lot of money to say that !!!!

Title: Re: How to start a run on PIIGS banks
Post by: BillyStubbsTears on March 25, 2013, 11:30:36 pm

Filo. Amen.

When the historical record is written in 30 years time, looking back at the decade-long carnage that followed the collapse of the Euro, there are some intellectually stunted bell-ends in power in Europe at the moment who will not get a good write-up.

That comment is beyond belief from a professional politician.

RD
Quote by a contributor on Robert Peston's BBC blog

Quote

Island economy at edge of EU reliant on banking and courting Russian oligarchs presents implausible budget in response to infeasible high debt:gdp ratio and poor economics. Anyway enough about the UK…In other news, Cyprus got a bailout.