Germany faces a terrible dilemma. Either Europe’s paymaster agrees to underwrite a Greek bail-out and drops its vehement opposition to a de facto EU economic government, treasury, and debt union, or the euro will start to unravel, and with it Germany’s strategic investment in the post-war order.
Jan 31
On January 31, 2010, In Euro, By Forex News
Jan 31
On January 31, 2010, In Euro, By Forex News
TOKYO, Jan 31 – The idea of issuing a common forex.com/category/euro/”title=”euro” >euro zone bond is an interesting one but lacks wide support within the euro zone at this point, Greece’s finance minister was quoted by Japan’s Nikkei business daily as saying. Financial markets have been gripped by the fear Athens will not be able to service its heavy debt, putting pressure on the euro and raising questions over whether fellow euro …
