Total Fiasco: Germans are the Poorest, Cypriots the Second Richest in The Eurozone | Zero Hedge

"The ECB has finally published the all-country report—and it’s far worse than feared. Italian median household wealth was indeed over three times larger than Germany’s. But that wasn’t the problem. The problem was Cyprus. Cypriot households (CY), as measured by both their median and average wealth, were the second richest in the Eurozone. Median household wealth—half the households had more, half less—of €266,900 was over five times Germany’s puny median of €51,400. Average household wealth reached a phenomenal €670,900 (that’s $872,000!), 3.4 times Germany’s €195,200, and just shy of Luxembourg’s €710,100. Rarefied levels of wealth achievable only by small countries with huge and murky banking centers, or lots of oil. Few countries in the world are in that elite club. And Germans (DE), based on median household wealth, were the poorest in the Eurozone."

http://www.zerohedge.com/contributed/2013-04-10/total-fiasco-germans-are-poorest-cypriots-second-richest-eurozone