Friday 18 November 2011

Latin showdown with Germany over ECB

Germany's constitutional court has ruled that "open-ended" and "automatic" liablities violate the country's Basic Law. So only the Germans can save monetary union, yet the Germans cannot legally do so. Europe's crisis has reached an impasse, the result of the original design flaws of EMU.
http://www.telegraph.co.uk/finance/financialcrisis/8895207/Latin-showdown-with-Germany-over-ECB.html


Refusing EU referendum 'risks more riots'