Author (Person) | Barysch, Katinka |
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Publisher | Centre for European Reform (CER) |
Series Title | Briefing Note |
Series Details | November 2010 |
Publication Date | November 2010 |
Content Type | Journal | Series | Blog |
The German plan for a eurozone insolvency procedure has spooked the markets and drawn political fire. In this CER briefing note, Katinka Barysch explains why Berlin is unlikely to back down: the German constitutional court could forbid an extension of existing bail-out funds; making help available without the spectre of bankruptcy could encourage reckless behaviour; and the German parliament will insist on getting private investors involved in future bail-outs. |
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Source Link | Link to Main Source http://www.cer.org.uk/publications/archive/briefing-note/2010/why-berlin-wont-back-down-euro-reform |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe, Germany |