Friday, July 8, 2011

quick scratch #2

Germany's constitutional court will have to decide whether bailing out Greece is against the German constitution's protection of property. Last Tuesday (5 July) Wolfgang Schäuble appeared in court himself and argued that the government's decisions guarantee the stability of the euro. He also added:

"we Germans benefit even more than other Europeans from the currency union".

Who or what is been bailed out exactly?


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