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Reply #10: Gavyn Davies: Germany is winning the debate on fiscal union [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-06-11 07:21 AM
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10. Gavyn Davies: Germany is winning the debate on fiscal union


This is the week in which Angela Merkel’s “grand bargain” is due to reach fulfillment at the European summit. On one side of the bargain, the eurozone will be required to accept Germany’s demand for “fiscal union”. On the other side, Germany will agree to the provision of funds to help indebted countries to remain liquid while they reduce government deficits and debt ratios, and thereby regain market access.

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http://link.ft.com/r/19JYUU/8ZISC9/GYN7Q/L9R8OT/97I3WV/B7/t?a1=2011&a2=12&a3=4

I HOPE HE'S WRONG, FOR ALL OUR SAKES
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