Re: Geneva Convention
@Spartacus - excellent post, cutting to the chase a lot of the BS that's been floated around this issue. One point to clarify re "Scottish financial services though, are 12x the size of their economy. In Cyprus it was only 7x, and the Eurozone decided to punish them for it"
The problem with Cyprus wasn't so much that the financial services were 7X the economy, but how those financial services were structured. Both Luxembourg and Malta have financial services sectors many times their economy (Malta close to 8 times ), but neither of them had any problems.
http://www.cnbc.com/id/100646028
I don't know how the Scottish financial services are structured but I'd bet they are far less riskily structured than Cyprus.
Biting the hand that feeds IT
