The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
:: :: :: :: ::
As for the end of that article, in Google translate:
...And yet, once again, Germany will have the last word. Merkel gave her support "transparency" involving the testing, but also warned that "details" (which eventually will be released), "the finance ministers decided in Ecofin." In other words, it depends on what his minister Wolfgang Schauble decree on 13 July.
If I read this right, El País is insinuating that Merkel is foreshadowing that Schäuble will water down the transparency in a month. If that's the right reading, then I suspected a misinterpretation already from having read articles on the stress tests two days ago that criticised the EC for not fixing details, so I tried to track this down.
This is obviously an evasion of a question on specific details.
As for what Schäuble's ministry did on the stress test front after the EU summit: going beyond the "if you have nothing to hide..." argument (see this comment of mine), they look for ways to change German law that mandates the tested bank's approval for publication, and Schäuble gave an interview (to another business magazine, the interviewer of which is another automatically blaming Greeks and Spaniards for the situation) in which he insists that the risk of eventual bailouts in the wake of the publication is one to take, one for which the EU has funds ready, and claims that "we won't have to pay in the end" [speak: any run on a bank would be stopped with temporary liquidity injections that are repaid after the bankruptcy is averted].
One whose delusions are out of fashion.
by Cat - Feb 18 4 comments
by ATinNM - Feb 6 22 comments
by Oui - Feb 12 16 comments
by Oui - Jan 26 2 comments
by Oui - Feb 14 1 comment
by gmoke - Feb 13
by Frank Schnittger - Feb 5 10 comments
by Frank Schnittger - Feb 2 54 comments
by Cat - Feb 184 comments
by Oui - Feb 173 comments
by Oui - Feb 141 comment
by gmoke - Feb 13
by Oui - Feb 1216 comments
by Oui - Feb 12
by Oui - Feb 86 comments
by Oui - Feb 71 comment
by ATinNM - Feb 622 comments
by Frank Schnittger - Feb 510 comments
by Oui - Feb 42 comments
by Frank Schnittger - Feb 254 comments
by Cat - Feb 18 comments
by Oui - Feb 1
by Oui - Feb 129 comments
by Oui - Jan 302 comments
by Frank Schnittger - Jan 2936 comments
by Frank Schnittger - Jan 2811 comments
by Oui - Jan 262 comments
by Oui - Jan 2515 comments