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!
The Cypriot people are not being asked if they want to sacrifice their savings - it is being taken from them by force!
The money isn't being taken by force. Money is a social construct, and the people in charge of taking care of that social construct are fiddling with the numbers. There are no jackbooted thugs going into people's homes and relieving them of physical property, which is what you're alluding to.
Whethere it's morally right or not (or somewhere in-between) is a wholly different question, which isn't helped by hyperbole like you're presenting here.
Which is exactly the same as jackbooted thugs going into people's homes and relieving them of physical property.
And it's morally wrong. Like putting tags on people to make fun of them.
I mean hard working bankers that deserve their 50,000% annual bonuses for destroying people's lives.
The local people are not bankrupt.
But they are soon-to-be.
What is a better option? Maybe don't buy a new car?
Let them rot. They're too far away. I can't smell the foul scent. I don't care.
2: It's a temporary measure that will only lead to a worse temporary measure.
3: GOTO 2;
That's the biggest problem of them all.
Earlier, in biblical period, god would flush the toilet and things would start from scratch.
Now, we can't afford to flush.
Also, there is nothing useful about realizing it.
We simply have to accept it.
The problem is that the elected officials promised the exact opposite, in order to get elected.