Posted byon 23/07/12
Summer is a critical time for Europe. Markets get nervous and speculation is ready to attack.
Yesterday’s eurogroup took some right decisions like the bail-out to Spanish banking system. This is not enough! Europe is facing a confidence crisis which could result in a break-up of the Eurozone. To restore confidence, markets need a feasible, long-term road-map paving the way for a real European unification. Either you do that or Europe will disappear.
Meanwhile, there is no time to lose! The EFSF should start buying bonds and if it is not enough, the ECB should restore its Securities market programme!
If Germany opposes these measures, Berlin will shoulder grave responsibility before History.