Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
This whole foreign banks would lose is just a xenophobic talking point to distract the Irish from the responsibility of their own banks and government.

Merkel, already the largest contributor to the EU's rescue fund, must walk "a very thin line" as she tries to balance her pledge to do whatever is needed to save the euro with voter hostility to the bailouts, said Carsten Brzeski, an economist at ING Groep NV in Brussels. She also risks harming her country's banks by her insistence that bondholders take losses on future bailouts. German lenders hold more than 112 billion euros of debt issued by the governments of Greece, Ireland, Portugal, Spain and Italy, according to data compiled by Bloomberg.


Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sun Feb 6th, 2011 at 04:50:57 AM EST
[ Parent ]

Others have rated this comment as follows:

melo 4
JakeS 4

Display:

Top Diaries

Brexit: Get on with it already?

by Bernard - Jun 26
51 comments

Spain votes again

by Migeru - Jun 26
63 comments

Defeat from the Jaws of Victory

by rifek - Jun 27
52 comments

Reversing Brexit?

by Frank Schnittger - Jun 25
99 comments

Should I vote for Brexit?

by tyronen - Jun 22
38 comments

Recent Diaries

Occasional Series