John Ward – Berlin In A Corner : How The Bundesbank Reduced Its Exposure To The PIIGs, Bit Became More Exposed To Market Fears – 1 March 2013

Why Germany is on the euro-hook, whatever it does

Dr Strangelove and his geliebte Fuhrerin in Berlin have been disturbingly quiet of late. When the Italians failed to elect anyone, there was a predictable unleashing of hounds from government MPs and media titles about dire consequences. But the androgynous Merkeschäuble monster remained stumm. The Slog wonders why this might be.

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