Monday, August 22, 2011

Euro bond German costs - €20 to €25 Billion over 10 years!

The idea of a referendum with this potential cost hanging over Germany's taxpayers would surely result in a sharp "Nein" in any EU referendum, as proposed in the same magazine, Der Spiegel, that offers the figures quoted in this post's headline above, in a report this morning.

The constitutional complications for Germany are also discussed in the article, but it worryingly begins by stating, that to save the Euro, it is a route that both Merkel and Schauble may consider pursuing.



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