Monday, March 25, 2013

Dijsselbloem Attempting to Cause More Damage

Update: in an attempt to make things even worse, there is now a half-assed denial by his office:

Cyprus is a specific case with exceptional challenges which required the bail-in measures we have agreed upon yesterday.
Macro-economic adjustment programmes are tailor-made to the situation of the country concerned and no models or templates are used.
This doesn't deny what he said earlier.

He stated that in fact they are from now on looking at uninsured deposits before forcing the tax payer to step in. He also said that there would be no guarantee for any further rescues. It is in fact a non-denial. Just stuff that has nothing to do with the important things he said. Look I just have to delete a question, and three words; and my first comment remains correct.


Just a short note - according to Spiegel - Dijsselbloem decided it was about time to cause some more damage. Cyprus as role model for other rescues? So dear depositors in other countries that might face a new bailout, it is safer to get your money out of the banks.

Excellent plan there buddy. Why don't you just step infront of the press, that you want to end the Euro. This is exactly what your statement  really means. How is such madness even possible? Messing up royally as a rolemodel? Good night Euro!

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