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Director | June 1, 2010
“The Treaties set out a ‘no bail-out’ clause, and the rules will be respected. This is crucial for guaranteeing the future of a monetary union among sovereign states with national budgets. Markets are deluding themselves if they think that the other member states will at a certain point dip their hands into their wallets to […]
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Tags: Angela Merkel, Claudia Rosett, Ecuador debt default, Europe fiscal crisis, Germany bans short selling, Greece bailout, Lord Rothschild, Spain debt downgraded, Victor Davis Hanson, wind power in Denmark
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