Tag: Economics
Posted in Politics
Cyprus is saved… Is it?
Hi folks, Politicians in Europe are quite proud at the moment that they saved Cyprus… have they? Imagine… You have a bank account, savings account – whatever. It has about 2,000 EUR on it. On first sight, be happy, you are quite far below the 30%-extra-tax-value of 100,000 EUR. But then you begin to think ‘This was only the first round’ and remind yourself that it took several steps to save Greece (if it has already been saved!). That’s why you start to think about the next steps, the European politicians could think, if the first step was not enough….
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