empty vessel
Member
Good news on the Eurozone
http://tpmdc.talkingpointsmemo.com/2012/06/euro-crisis-merkel-debt.php?ref=fpb
British ministers were pleased the G20 communique is specific on its commitments to try to find a mechanism to address unsustainable bonds costs.
It's terribly depressing that the solution to "unsustainable bonds costs" is staring them in the face. There are 17 countries in the G20 that do not--and cannot have--this problem of unsustainable bond costs. One of them being Japan, whose debt to GDP ratio is 200%.
As far as Germany's commitment to allow the Euro-zones bailout fund to buy government bonds, I think you mean that it is good news for Obama. It sure as hell isn't a solution to the Euro-zone's fatally flawed monetary union.