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Originally Posted by Skybird
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Off topic here, after DW (
Deutsche Welle) did so well in reporting about the Ukraine war and making the idiotic behaviour of the german government obvious, it will now be downsized, 200 DW employees fired.
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And there are more banks in troubles. People are not totally stupid, they withdraw confidence from the (broken) system. Political measures, not just on the banks but also against citizens, will become more disinihibited.
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What exactly is broken now that was not already broken in the past 30 or 100 years?
Whenever people in masses begin to withdraw money, due to misinformation, real crises or just panic, any bank will be bankrupt, that's called capitalism
ECB or whatever interventions are not what is intended in competition, but with millions of people losing all their money overnight this intervention is probably justified.
If they draw some conclusions and change the system within reasonable time, that is ..