Germany may face bankruptcy unless it accepts ECB debt monetisation
21.06.2012
Whichever way things go, Germany will have to pay for a substantial amount of Euro Area public debts. The more we wait, the higher the bill. This does not mean that the Euro Area is a transfer or a fiscal union. It means that managing a common currency requires careful actions. The current mess is the direct consequence of the mistaken policies followed since the beginning of the sovereign debt crisis, at Germany’s behest.
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Eurointelligence - Germany may face bankruptcy unless it accepts ECB debt monetisation
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