Wolfgang Schäuble, the Evil Genius of the Euro Crisis and the Transfer Union from South to North

The Cyprus compromise combines a 10 billion € bailout with European, basically German tax-payers money, that also obliges rich account owners (9.9% levy) – rich Russians and Brits – and poor account owners (6.75% levy) – Cypriot tax-payers money – to take part in the deal. …

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