Will Germany Bail Out The Eurozone Peripheral Countries?

Ulli Europe Contact

The European Central Bank’s Outright Monetary Transaction was opposed by the German Bundesbank on the ground it amounts to refinancing the debts of profligate states. Critics of Germany often say the Bundestag is erecting hurdles for the creation of the ‘United States of Europe’; i.e. – greater integration among the member states similar to the United States of America. The …