By Ambrose Evans-Pritchard Economics Last updated: September 30th, 2011
The Telegraph
Judging by the commentary, there has been a colossal misunderstanding around the world of what has just has happened in Germany. The significance of yesterday’s vote by the Bundestag to make the EU’s €440bn rescue fund (EFSF) more flexible is not that the outcome was a “Yes”.
Read more at: http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100012332/nein-nein-nein-and-the-death-of-eu-fiscal-union/
