Germany will only act to help others when it perceives an existential threat to the eurozone
As the German constitutional court keeps reminding us in ruling after ruling, fiscal policy is a national prerogative.
If the nine countries want to go down the mutual path, they can. It is a risky choice, but not nearly as risky as sheltering under the rescue umbrella the eurozone set up after the last crisis.
Wolfgang Münchau 29 March 2020
If the nine countries want to go down the mutual path, they can. It is a risky choice, but not nearly as risky as sheltering under the rescue umbrella the eurozone set up after the last crisis.
Wolfgang Münchau 29 March 2020
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