The question the German government now faces is whether to preserve the monetary union or have a stable currency. The decision can no longer be put off for long. "To stabilize the situation," says former US Treasury Secretary Lawrence Summers, the bailout measures would have "to go well beyond the measures proposed to date."
http://www.spiegel.de/international/europe/0,1518,796280,00.html
Friday, 11 November 2011
Posted by Britannia Radio at 07:02