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The EU crisis edges back into the news cycle as the Germans make noises about not rescuing...

The EU crisis edges back into the news cycle as the Germans make noises about not rescuing Cyprus - the eurozone's 3rd smallest economy. The country banks - a nice offshore haven for sweethearts from places like Russia - have assets 8X greater than annual GDP and are essentially insolvent. Look for a bailout soon as the rest of Europe disagrees with Germany's stance.
Comments (2)
  • "Look for a bailout soon as the rest of Europe disagrees with Germany's stance"

     

    Yeah, how can the Germans question the notion of its taxpayers having to bail out corrupt Russian oligarchs and Mafia that have stuffed their untaxed billions in Cyprus.
    29 Jan 2013, 08:27 AM Reply Like
  • I bet some German politicians have accounts in Cyprus as well. Again, this is a just a song and dance. German politicians need to be seen to be doing something, but in reality this is a done deal.
    29 Jan 2013, 09:17 AM Reply Like
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