After "Grease" - Cyprus WANTS GERMAN PENSIONS TOO!!!
Posted in the Germany Forum
“IRONEA 338 B.C.E. ”
Since: Mar 10
+ Solun, Occupied Macedonia +
#1 Feb 2, 2013
JUST WHEN European leaders thought they were getting to grips with three years of economic turmoil, along came Cyprus, a seemingly small problem but one that cannot be ignored.
The latest estimates from analysts are that the country needs €17.5 BILLION to get back on its feet, including €10 billion for its fractured banking sector and up to €7.5 billion for general government operations and debt servicing.
There's no question that the eurozone has the money to help, the problem is how Cyprus could ever afford to pay the money back - the bailout is just not sustainable.
And unless it is made sustainable, the IMF will not take part, which would cast doubt on its overall credibility.
#2 Feb 2, 2013
one big pissen hausen
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