NEIN, NEIN, NEIN, and the death of EU Fiscal Union

| September 30, 2011 | 0 Comments

Judging by the commentary, there has been a colossal misunderstanding around the world of what has just has happened in Germany. The significance of yesterday’s vote by the Bundestag to make the EU’s €440bn rescue fund (EFSF) more flexible is not that the outcome was a “Yes”. This assent was a foregone conclusion, given the […]

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