Tuesday, September 27, 2011

Germany and the Bailouts

Telegraph: Reports on a warning from Germans Constitutional Court that the Coalition Government cant take over the debt of other Countries beyond what German law provides for by EU Treaties. This should be a clear warning to the German Government and to the Markets, that Eurozone Crisis Plan by Germany and France has to face political reality, not just in Germany and France but around the States that make up the Eurozone and those EU States outside the Euro. The Stock Markets of the US and the EU have shot up based on rumours, so far no actual plan has been published and voted on, a military plan does not last beyond first contact with the enemy, thus this German/French might fall when faced with political reality.

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