6 ms·

I wish you won't ever see the consequence of dire actions against you or your family. You have no idea how it feels like. You have no idea how unfair it is. In

by omgyeah 14y ago

I wish you won't ever see the consequence of dire actions against you or your family. You have no idea how it feels like. You have no idea how unfair it is. In case that you have not realized it, you are not paying any money. You are loaning with loan-shark rates. Have you ever heard of a loan-shark losing money? Things are much more complicated than black or white. Greece and Cyprus are not independent countries. Their very existence was built on loan. Loan with a purpose. And this purpose fulfills as we speak. These countries' sovereignty is more than a joke, more than a century old. You feel cheated. Greeks (people living in Cyprus are also Greeks) feel cheated. Every single person feels cheated. Sadly, we live in the dystopian future where international mega-corporations (a.k.a banks) have more power than some countries. You can however blame the rotten democratic system that we live by. You can blame human kind's greedy nature. But you can't blame people of being stupid. The society can only be evaluated by the way it treats its weakest members. You can't blame stupid. You must protect them. This is what makes a society virtuous. Protecting its weakest links. Everything else is pure low-level greediness instinct that has driven us from living into caves to the modern world. If thinking that poor nations had it coming helps you keep your conscious clean, so be it. But it has always been about survival of the fittest and not survival of everybody and apparently it will keep being this way. Until human kind becomes one. Above races, religions, borders and whatever. Amen :)

st0p 14y ago
>> In case that you have not realized it, you are not paying any money. O yes I am. I'm paying taxes here to keep your economy afloat. I don't mind that, but I'm not going to respond all of the rest you posted.
- omgyeah 14y ago
  OK. I agree with you. And I am paying money to keep your economy afloat. Can you see how stupid this is? Little guys fight each other. And the winner gets eaten by the big guy (= bank).
  - st0p 14y ago
    I can't agree with your last sentence. We've all had the profits of having banks providing liquidity (common, all that Russian money into the Cyprian economy has been great for all of Cyprus). Now that system has failed and the big guys aka the banks are just as clueless as the little guys. Do we need to rethink how our economy works? Yes. Do we need to help Cyprus, Italy, Spain? Yes. Partially because it is in out best (Dutch) interests, but also because they are European brethren. Is it okay to ask the locals for a sacrifice themselves? Yes. I know I'm living in one of the richest countries in the world. I don't mind helping another country. I understand that losing 6.75% of your savings hurts.
    - bitcartel 14y ago
      It's theft, plain and simple. The Cypriot people are not being asked if they want to sacrifice their savings - it is being taken from them by force!
      - st0p 14y ago
        They don't have anything to be asked, since they're bankrupt.
        omgyeah 14y ago
        The local governments and the local banks are bankrupt. The local people are not bankrupt. But they are soon-to-be.
      - deleted 14y ago
        [deleted]
      - seanmcdirmid 14y ago
        Well, the euro zone doesn't have to help Cyprus put and just let them collapse. Maybe Greece could sell the other half of Cyprus to turkey to get some extra needed cash...what is a better option?
konstruktor 14y ago
As a citizen of a fiscally responsible EU country, reading shit this makes me very angry and eradicates leftover trace amounts of solidarity.
- omgyeah 14y ago
  As an earthling, reading superficial and insensible comments like this, makes very sad and eradicates my faith in humanity. Of course, we had it coming. Let's see your economy strive without the southern suckers. Oh no, wait. We have the chinese market now. Screw the southern suckers.
- justincormack 14y ago
  Much of the money you have in the fiscally responsible countries is the debt of the less fiscally responsible countries. If they default you will see your bank account haircut too. One bank went under in the Netherlands so far this year, but the state bailed it out (so taxes will go up). Many German banks are not well capitalised, same with Danish banks and so on. During the boom so much credit aka money was created from what is now nothing but people assume they will get to keep this "wealth".
- paganel 14y ago
  I hope that country is not Austria (which ran to the the EU like a little girl when shit starting hitting the fan in early 2009, asking for help for Eastern Europe countries so that the latter won't go belly-up, that would have meant Austria going belly-up), the Netherlands or Belgium (both countries with a very high level of private-sector debt, approaching Cyprus, pls see this: https://media.economist.com/sites/default/files/imagecache/290-width/images/print-edition/20130316_FNC251.png https://media.economist.com/sites/default/files/imagecache/2...), to say nothing of France. The only European country still standing on its feet without any outside help is Germany, but that could end very quickly end once every other country around her begins the slide into depression. For better or worse, we're all in this together.

by omgyeah 14y ago

st0p 14y ago

>> In case that you have not realized it, you are not paying any money. O yes I am. I'm paying taxes here to keep your economy afloat. I don't mind that, but I'm not going to respond all of the rest you posted.

omgyeah 14y ago
OK. I agree with you. And I am paying money to keep your economy afloat. Can you see how stupid this is? Little guys fight each other. And the winner gets eaten by the big guy (= bank).
- st0p 14y ago
  I can't agree with your last sentence. We've all had the profits of having banks providing liquidity (common, all that Russian money into the Cyprian economy has been great for all of Cyprus). Now that system has failed and the big guys aka the banks are just as clueless as the little guys. Do we need to rethink how our economy works? Yes. Do we need to help Cyprus, Italy, Spain? Yes. Partially because it is in out best (Dutch) interests, but also because they are European brethren. Is it okay to ask the locals for a sacrifice themselves? Yes. I know I'm living in one of the richest countries in the world. I don't mind helping another country. I understand that losing 6.75% of your savings hurts.
  - bitcartel 14y ago
    It's theft, plain and simple. The Cypriot people are not being asked if they want to sacrifice their savings - it is being taken from them by force!
    - st0p 14y ago
      They don't have anything to be asked, since they're bankrupt.
      - omgyeah 14y ago
        The local governments and the local banks are bankrupt. The local people are not bankrupt. But they are soon-to-be.
    - deleted 14y ago
      [deleted]
    - seanmcdirmid 14y ago
      Well, the euro zone doesn't have to help Cyprus put and just let them collapse. Maybe Greece could sell the other half of Cyprus to turkey to get some extra needed cash...what is a better option?

konstruktor 14y ago

As a citizen of a fiscally responsible EU country, reading shit this makes me very angry and eradicates leftover trace amounts of solidarity.

omgyeah 14y ago
As an earthling, reading superficial and insensible comments like this, makes very sad and eradicates my faith in humanity. Of course, we had it coming. Let's see your economy strive without the southern suckers. Oh no, wait. We have the chinese market now. Screw the southern suckers.
justincormack 14y ago
Much of the money you have in the fiscally responsible countries is the debt of the less fiscally responsible countries. If they default you will see your bank account haircut too. One bank went under in the Netherlands so far this year, but the state bailed it out (so taxes will go up). Many German banks are not well capitalised, same with Danish banks and so on. During the boom so much credit aka money was created from what is now nothing but people assume they will get to keep this "wealth".
paganel 14y ago
I hope that country is not Austria (which ran to the the EU like a little girl when shit starting hitting the fan in early 2009, asking for help for Eastern Europe countries so that the latter won't go belly-up, that would have meant Austria going belly-up), the Netherlands or Belgium (both countries with a very high level of private-sector debt, approaching Cyprus, pls see this: https://media.economist.com/sites/default/files/imagecache/290-width/images/print-edition/20130316_FNC251.png https://media.economist.com/sites/default/files/imagecache/2...), to say nothing of France. The only European country still standing on its feet without any outside help is Germany, but that could end very quickly end once every other country around her begins the slide into depression. For better or worse, we're all in this together.