So, it looks like under this EU deal that Cyprus will have to close its 2nd largest bank, and they will not tax deposits under $100K to receive aid.
For some reason the markets are "cheering" this news. Am I stupid? or isn't it more economically destructive to tax "larger" accounts, then it is "small" accounts?
Now on to Germany. There are two ways for Germany to be stronger:
A) Bail out many of the weak EU countries, impose sanctions, and keep the system alive.
This could work, it hasn't worked much so far, but doesn't hurt anyone too hard in the short run.
B) Let all these socialist countries that can't manage themselves collapse. Being the last country standing, your power in Europe will strengthen immensely. If anything you can start increasing your influence in Europe, currency, real estate, etc etc. And when they get back on their feet in 2-5 years you will be insanely powerful.
Of course we all know they are going to keep bailing everyone out. But isn't Cyprus going to need another bailout in another year or so??
For some reason the markets are "cheering" this news. Am I stupid? or isn't it more economically destructive to tax "larger" accounts, then it is "small" accounts?
Now on to Germany. There are two ways for Germany to be stronger:
A) Bail out many of the weak EU countries, impose sanctions, and keep the system alive.
This could work, it hasn't worked much so far, but doesn't hurt anyone too hard in the short run.
B) Let all these socialist countries that can't manage themselves collapse. Being the last country standing, your power in Europe will strengthen immensely. If anything you can start increasing your influence in Europe, currency, real estate, etc etc. And when they get back on their feet in 2-5 years you will be insanely powerful.
Of course we all know they are going to keep bailing everyone out. But isn't Cyprus going to need another bailout in another year or so??