These people live in a strange world that is many steps away from reality. They have bet the farm on the Euro and refuse to understand that they have a bitter choice - either drop the whole thing and ease the PIIGS out of the Euro, or force the North to pay for the sins of the South in what George Soros calls 'benevolent hegemony.'
The fact that the Northern Euro members don't want to un-trouser billions and face higher taxes is making life impossible for all. The only real choice is the drop the Euro and/or make it a two-tier Euro with a weakened South and a new strong Northern Euro - which would be the D-Mark by another name.
Germany loves thing to stay the way they are. They are earning vast sums in exports, because of the weakness of the Euro. Take the PIIGS away and the Euro would fly off into the stratosphere and German exports would dwindle. Just compare the price of an Audi, BMW or VW to any other comparable car of similar quality and size, etc. Now add at least 25% and see if it is still so desirable.
Its a window into the soul of the decision makers who are architecting these bail-outs. It smacks of desparation and a disregard for established natural law and common decency and what people think of as democracy.
Ok, if someone wants to propose a one-off wealth tax of 5% or so - to deal with a specific problem - then that would be something a lot of people, me included might support. The old social anarchist revolutionists would love it and have called for that type of thing. Fair enough, put it up for dicsussion.
But to announce that you are going to slice of x% from bank accounts and then shut the banks? Its crazy.
Thank god the Cypriots have seen sense and decided that they will take their chances with the markets rather than see truck loads of their gold fillings driving into the sunset.
It seems to be able to beam out of our fields. I just can't find where it is getting out. There were no hoof marks in the only pathway to freedom, so it is now no longer allowed to be roaming through the woods and has to stay in its fields.