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Can Merkel stop the Eurobonds ? German “Der Focus” on Eurobonds

  The German "Der Focus",one of the most successful weekly magazines, titles "Can Merkel stop the Eurobonds ?" Der Focus claims that Eurobonds have the following issues:
  1. For Germany, the interest burden would rise significantly  more..
  2. The Triple-A of the strong euro countries would be in danger more …
  3. The main problem of indebtedness would remain unsolved more …
  4. The issue of too much debt in the periphery would remain unsolved more …
  5. The warning function of a high interest rate would be disabled more …
  6. Only market pressure can lead to necessary reforms in the periphery more ...
  7. Progress by competition would be jeopardized more ...
  8. Economically stronger countries would be disadvantaged more ...
  9. The rifts among the European nations would intensify, 79% of Germans are against Eurobonds more ...
  10. Eurobonds would be against the German constitution more …
Yesterday the German finance minister Wolfgang Schäuble said that he could imagine a fiscal union (step 5 in our list out of 6 on the way to Eurobonds) coming earlier. Previously he thought it would take surely more than five years. This change of the German constitution needs to legitimized via a referendum. More on FAZ... However, still in November he spoke about 24 months time to build the fiscal union. Since the election of Francois Hollande, German's Angela Merkel has introduced the new step 4, namely a political union. Full story here Are you the author?
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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