Germany’s Bundesbank dropped a DIESELBOOM on the European markets Monday morning, by demanding that Eurozone PIIGS nations (Portugal, Ireland, Italy, Greece and Spain, before they default on their sovereign debt (i.e. go bankrupt) carry out a smash and grab raid on citizens savings and pensions funds before they go begging to Brussels, asking Europe’s solvent nations nations (i.e. Germany) for bail-out help.
Yes, you read that correctly, the most powerful economy in the Eurozone has just openly called on Europe’s basket cases to hand over their citizens cash.
Could it be that after being mugged by the American Federal Exchange, Germany is not as well off as it though it was?