Euro zone at odds over "bail-in" of Cypriot depositors

Comments (1)
breezinthru wrote:

excerpt from the article: “Germany, Finland and the Netherlands are among those who say taxpayers cannot be expected to go on financing euro zone bailouts, saying it is time for owners and depositors in risk-laden banks to accept losses on investments.”

That was a morally bankrupt approach when the US started bailing banks out in 2007. It took a long time for anyone to conclude that investors might occasionally lose money. It is not the citizens’ obligation to make sure that investors never lose money on a large scale.

Mar 04, 2013 1:58am EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.