July 2, 2012

Real Victor in Brussels Was Merkel

Wolfgang Munchau, Financial Times

AP Photo

She managed to keep Germany's liabilities unchanged. Someone will have to explain to me how we can have no change to Germany's overall liabilities, nor of ECB policies, and yet Italy and Spain can now be safe when they were not safe a week ago.

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TAGGED: Angela Merkel, Germany, European Union, Eurozone


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