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Re:Cyprus Bailout: Stupidity, Short-Sightedness, Something E... by arethuza on Friday March 29, 2013 @07:48AM (#5460260)
"You are forgetting where and why the financial crisis started."

I don't think it is accurate to say that the 2008 financial crisis had a single cause. If you think it was the boom in sub-prime mortgage lending in the US and the resulting popularity of CDOs and CDSs how did that cause the Irish problem (insane property speculation), Iceland (asset speculation in other countries used borrowed cash), Greece (fiscal irresponsility) etc.

Re:Cyprus Bailout: Stupidity, Short-Sightedness, Something E... by claudius on Friday March 29, 2013 @11:08AM (#5461099)
Greece had very little to do with the ‘global’ sub-prime bubble, it was merely the following recession that exposed the fiscal irresponsibility, originally resulting from low interest rates due to Euro membership. When people realised that Euro membership does not imply northern European standards, Greek interest rates soared and since Greece couldn’t print money as in the good old days, there was no way to fulfil these interest rates.