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Merkel Advisor: We Are Rescuing Spain in Order to Rescue German Banks | Forex Crunch

Jürgen Donges, a member of Germany's 5 strong Council of Economic experts, said clearly that when Germany is rescuing Greece or Spain, it is thinking of rescuing German banks with exposure to in these countries.

His words caused a stir in the twittersphere and in Spanish papers and add to the already tense relations between Berlin and Madrid, as the discussions about a Spanish bailout request heat up.

Nice with confirmation.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Tue Oct 9th, 2012 at 08:06:43 AM EST
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