Marshall Auerback: Germany’s Constitutional Conundrum
By Marshall Auerback, a hedge fund manager and portfolio strategist. Cross posted from New Economic Perspectives
Hans-Werner Sinn, president of Germany’s Ifo Institute and the director of the Center for Economic Studies at the University of Munich, has taken to the pages of the NY Times to explain why Berlin is balking on a further bailout for Europe. Amongst the points that Sinn makes against German sharing in the debt of the euro zone’s southern nations is a legal one:
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