German balanced budget law pending

[Skip to the end] (email exchange) >   On Mon, Jun 22, 2009 at 9:10 AM, wrote: >    >   And reach Wolfgang Munchnau in the FT today. Germany is really going nuts here. >   German sado-fiscalism! >    As he says towards the end, it’s a moral issue. This type of thing is the largest long term risk to economic […]

Re: The pressure increases on the eurozone

[Skip to the end] These types of articles have gotten respectable and are getting more strident by the hour. I do think a banking crisis where the national government can’t or won’t write the check freezes the entire payments system, as no one will want to keep any funds in a eurozone bank, nor will […]