Saturday 13 April 2013

Beastly rich Germans versus poor exploited Cypriots.




Er . . . . it’s the other way round. Cypriots are about the richest people in the EZ, while Germans are the poorest.

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2 comments:

  1. I've just emailed Wolf Richter as follows:

    "Hi Wolf

    Re:
    http://www.testosteronepit.com/home/2013/4/12/the-gloriously-ballooning-bailout-bedlam-of-cyprus.html

    ... perhaps looking at levels of home ownership would help explain:

    http://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

    Best wishes..."

    Now look at income instead of wealth? And the ratio of total public + private debt to GDP?

    ReplyDelete
  2. Scratch the last, if you will, Ralph - Wolf points out that he has mentioned homeownership rates towards the end of the article. Oops.

    But in terms of wealth, I don't know what the picture will be now that so much switched out of Cyprus before the banks pulled down the shutters. Ditto income, I should think.

    ReplyDelete

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