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View Diary: Krugman suggests Cyprus could be the start of something positive (74 comments)

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  •  I guess I'm missing the part (0+ / 0-)

    where it approaches anything close to a "good" thing.

    Capital will flee, at whatever rate it can, and by whatever means are available. Unless they have proposed a system where they have basically seized all of the depositors funds (as in you can't do anything with your own money) people are going to do everything they can to get it out of the system.

    We're seeing the disintegration of Cyprus, and possibly the entire EU in the weeks/months to come.

    •  Given the alternative of what is happening (0+ / 0-)

      to Greece, this is a good choice. The central EU countries are going to try and hold on to the periphery because it makes them stronger but the periphery weaker. The rush to get into the EU was based on neoliberal lies and this is the first step in the fight against it.

      •  Cyprus is going to be worse than Greece (0+ / 0-)

        Unemployment will be worse, and the currency doesn't circulate. Cyprus is effectively OUT of the EU, with a dead currency.

        There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

        by upstate NY on Tue Mar 26, 2013 at 08:29:18 AM PDT

        [ Parent ]

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