Monday, September 10, 2012
German Constitutional Court ruling coming on EU bailout fundThe German Federal Constitutional Court is expected to rule this week on the constitutionality under German national law of the planned EU bailout mechanisms. If they rule against the measures, it won't help stabilize the eurozone. And at this point, any large setback could trigger a panic bank run in Spain.
This English-language video from Deutsche Welle gives the background of this impending decision, The Billion-Euro Bailout - One MP and his bid to save the euro 09/08/2012.
Tags: austerity economics, eu, euro, european union, germany
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No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."
-- Cecil Day-Lewis from Where Are The War Poets?
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