Bundesbank documents reveal insistence on fiscal Fourth Reich…

“Overall, there is a risk that the originally agreed institutional framework of the monetary union will increasingly become eroded… Unless and until a fundamental change of regime occurs involving an extensive surrender of national fiscal sovereignty, it is imperative that the no bail-out rule that is still enshrined in the treaties and the associated disciplining function of the capital markets be strengthened, and not fatally weakened.”




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David Mundell tells The Times…

“I expect Christmas to take place.”

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