>>>That is exactly how communism works.
I don’t remember Communism involving bank bailouts with foreign funds. Maybe you’re older than me?<<<
Look at EU as EUSSR. As far as 1930s communists used resources from one parts of USSR (including Ukraine) to bailout another parts. And up to 1990 they used resources generated by certain branches of their economy to bailout the rest.
>>>IMO, it was fair to let these banks crash and burn.
In that case, account losses would have been higher than the 7%-60% you mentioned earlier.
Losing your money due to a bank bankruptcy is one case, being the bank client taxed (by EU decree!) for being rich for a bank bailout is absolutely another thing.
You’re right. In the latter case, clients lost less money.<<<
Aha, I got it. It is all done for the “common good”. “Ends justifies means” etc. Just from Lenin’s book.
Here we can see an example how EU, contrary to the laws of “capitalist” economy, allowed Cyprus to stay afloat without suffering consequences of bad policies. The rich (including wealthy Cypriot bank clients and German taxpayers) were taxed for that for political reasons. If it is not a communist, what communism is?
Wow! Can I have some of what you're smoking?
Where did I say I supported giving money from the taxpayers in the rich EU countries to the bank depositors in Cyprus? Which post #?
All I did was show that the claim that Cyprus was "plundered", by the EU, was idiotic. You've managed to take it to a whole new level.
Good job! 