Rich Germans Actually The Euro Zone Po Folks

As recently reported, rich Germans have suddenly and inexplicably become the poor men of Europe, relatively speaking.

Poor

According to the latest ECB Vermögensstudie (wealth study), the Cypriots, of all people, are among the richest citizens in the euro zone. Germans, on the other hand, have come in at last place.

Wait a second. Wasn’t there something recently about Cyprus striking a 10-billion euro bailout deal with the European Union? I must have got that wrong (or the Cypriots certainly got that right).

Ausgerechnet die Zyprer gehören zu den reichsten Bürgern der Euro-Zone, Deutschland steht am Ende der Rangliste.

 

2 responses

  1. Looks to me like they’re measuring assets inhabiting these repective countries, and then measuring it per capita. In that light, it’s going to be thrown off by Russian money in Cyprus, or ANY money in Luxembourg.

    It’s not their money, but it becomes the public’s risk.

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