12.08.2011 - 09:14 [ Wall Street Journal ]

Europe Must Produce Fudge of Much Higher Quality

It is still possible—albeit highly unlikely—that Germany will exercise its sovereignty one last time with a resounding nein to a fast-growing bailout bill;

say, when the time comes for the government to ask the Bundestag for an increase in the EFSF‘s lending capacity to €1 trillion.