"There cannot be euro bonds. The German economy would be overburdened should we have to guarantee the debts of all the states. On top of this, the necessary pressure on countries to sort out their national debt problems would fall by the wayside."
"Tax revenues should be used to support the funds, Schaeuble said, adding that Germany would not need to raise taxes to implement the plan."
Raise taxes.... in some of the member countries that party like it's 1999???? Keep dreamin' dude.
U.S. regulators have been pushing American banks like Citigroup and others to reduce their exposure to the eurozone....
ReplyDeleteper Liz Alderman from the NY Times....
Isn't this sort of like trying to take back a fuck you gave a girl who you knew full well had a raging case of crabs and herpes???