so Northern European taxpayers pay for the losses?

I don't really see why that's fairer than the people who invested in the banks paying.

And the ESM hasn't ben used for that up until now. The only banks who've been bailed out before now have been bailed out by their own taxpayers. We and others have been able to afford it (so far). Apart from the Irish, who it pretty much bankrupted. The Cypriots have no way of doing it on their own.

Posted By: Tricky Hawes on March 16th 2013 at 20:26:35

Message Thread

FAO King (General Chat) - Tricky Hawes, Mar 16, 20:09:43
- It still seems disproportionate to me (General Chat) - King, Mar 16, 20:19:27
  - but what do you do about the losses that banks have now? (General Chat) - Tricky Hawes, Mar 16, 20:21:20
    - Can't they nationalise the banks using the ESM funds? (General Chat) - King, Mar 16, 20:23:31
      - so Northern European taxpayers pay for the losses? (General Chat) - Tricky Hawes, Mar 16, 20:26:35
        
        I suppose it comes down to the idea of solidarity (General Chat) - King, Mar 16, 20:36:22
        
        France and Germany were the first to break the original fiscal compact (General Chat) - phrankin, Mar 16, 21:52:14
  - I agree (General Chat) - Sugbad The Bad, Mar 16, 20:21:01
- In my opinion (General Chat) - Sugbad The Bad, Mar 16, 20:12:04
  - At least you're celebrating the rugby result though (n/m) (General Chat) - Tricky Hawes, Mar 16, 20:15:16
    - Yes, you're extravagantly funny aren't you! (General Chat) - Sugbad The Bad, Mar 16, 20:19:14

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