[bitcartel]

It's theft, plain and simple.

The Cypriot people are not being asked if they want to sacrifice their savings - it is being taken from them by force!

[vacri]

Good old libertarians - everything is about money and force.

The money isn't being taken by force. Money is a social construct, and the people in charge of taking care of that social construct are fiddling with the numbers. There are no jackbooted thugs going into people's homes and relieving them of physical property, which is what you're alluding to.

Whethere it's morally right or not (or somewhere in-between) is a wholly different question, which isn't helped by hyperbole like you're presenting here.

[omgyeah]

Well... There are 5,000-euros suited thugs sitting in their offices relieving people of fiscal property.

Which is exactly the same as jackbooted thugs going into people's homes and relieving them of physical property.

And it's morally wrong. Like putting tags on people to make fun of them.

[vacri]

Tags like 'libertarian'? Or tags like 'thugs'?

[omgyeah]

You got me there.

I mean hard working bankers that deserve their 50,000% annual bonuses for destroying people's lives.

[st0p]

They don't have anything to be asked, since they're bankrupt.

[omgyeah]

The local governments and the local banks are bankrupt.

The local people are not bankrupt.

But they are soon-to-be.

[seanmcdirmid]

Well, the euro zone doesn't have to help Cyprus put and just let them collapse. Maybe Greece could sell the other half of Cyprus to turkey to get some extra needed cash...what is a better option?

[omgyeah]

Maybe you could sell some of your parents organs and buy a new car?

What is a better option? Maybe don't buy a new car?

Let them rot. They're too far away. I can't smell the foul scent. I don't care.

[seanmcdirmid]

I'm sure the Cypriots don't want to rot, so why not take the EU bail out? Yes, they lose 6-10%, but that is much better than 100%. And the Russia mafia won't be that angry.

[omgyeah]

1: Because it's not a solution.

2: It's a temporary measure that will only lead to a worse temporary measure.

3: GOTO 2;

[seanmcdirmid]

So what was the right solution? Kick Cyprus out of the EU and let them scavenge for themselves? Letting the banks fail might attract an invasion from Russia, and then it becomes a NATO problem....such a mess.

[omgyeah]

There ain't no right solution.

That's the biggest problem of them all.

Earlier, in biblical period, god would flush the toilet and things would start from scratch.

Now, we can't afford to flush.

[konstruktor]

Their elected officials accepted a deal that involved this haircut. That's hardly by force.

[omgyeah]

Exactly!

The problem is that the elected officials promised the exact opposite, in order to get elected.