[quote="newgeneration"]GIG you could start by widening your reading material from 'The Cyprus News' to the international financial press. Or you could wait until July 1st and ask the ECB to print you some Euros, as this is what you seem to think rotating E presidency allows you to do. Hysterical!
Cyprus accepted a loan from Russia in Jan which postponed the bailout, but the EU bailout is imminent. To say it is not, is to show your ignorance on the financia
http://www.cnbc.com/id/45344815/Why_Eur ... ting_Money...this article was printed in november, when did the law change in europe that enables the european central bank to print more euros.? Germany was against all this because of what happened to it in the 1930's with its problems with hyperinflation, when trillions and trillions of german marks were printed to pay for world war 1 reparations to the allies. the money to pay the loans for Greece were coming straight out of German pockets,thats why the Germans were going crazy........The Eu last year was also trying to get the Chinese(with their 3trillion dollar surplus)and the russians(1trillion dollar surplus) to buy european bonds, in essence loan the money to Europe with a guarantee of no more then 50 percent loss or something to that effect. I cant find any information that the European central bank printed any more euros, or that the Germans agreed to it. On the other hand here in the USA, we printed a whole bunch of dollars around 2 trillion since the housing crisis of 2008/2009, to prop up faltering banks and to stimulate the economy. The Stock Market, during the crisis fell to almost 6500 and now its over 13000, we doubled in 4 years......because the money inserted into the economy has cycled to pension funds and they have nowhere to invest except the stock market......
