German chancellor Angela Merkel seems to be talking sense. Last week, she reiterated her proposal that new buyers of eurozone bonds should accept liability clauses starting in 2011.
The German government has proposed that in the event of a sovereign debt crisis - such as the one being experienced in Ireland - the clauses would result in the payment period for government bonds being extended. If the solvency problem continued, additional steps would be considered, including...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team