A Tale of Two Rationalizations

Spain’s Cinco Días

Germany's demand that private investors contribute to the bailout package must be softened, notes the business paper Cinco Días: "Even if yesterday was just a preparatory meeting it seems clear that Germany won't be able to push through its position without adjustments at the EU summit on June 23-24. It would of course be desirable that the private sector participate in the bailout, but not at the price of provoking an exodus of investors that would leave the public deficit bigger than ever. ...

It looks like a flash of awareness, although one that has the vague stench of compulsion or expropriation of assets. In effect, this is a tax on the population. “Whatever” is assumed to be the social thinkers view of this.

This is not to be confused with another apparent effort to “fight for fairnesss”.
The Netherlands’ Trouw

The Dutch parliament has approved further help for Greece on condition that the private sector also contribute to the package. The Christian-social daily Trouw considers this just: "We need to be realistic if we want to avoid deceiving the Dutch people. Stopping the bailout is not an option, nor is getting away without a certain amount of financial damage. ... It's a matter of being patient and providing a basis for Greece to overcome its plight. So far this has mainly been done with tax money. Finance Minister De Jager now emphatically wants the banks and pension funds to help back the bailout. This is progress. After all, they're the ones who invested in Greece's national debt. The risk can be borne by the state for a while, but not forever. The financial partners must be included if we want to discuss a markdown of Greek debt."

...as if the phrase “financial sector” were about a handful of detestable capitalists, as opposed to the depositors of banks. At least they appear to be reaching to a solution. Although one that has the vague stench of compulsion or expropriation of assets. In effect, this is a tax on the population. “Whatever” is assumed to be the social thinkers view of this.