"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Thursday, December 08, 2011

German Chancellor Merkel Says, The Euro Has "Lost Credibility"

From the BBC:
The key item on the agenda is a Franco-German proposal on budgetary discipline, with automatic penalties for eurozone nations that overspend.
Pre-summit talks between Britain, France and Germany broke up without agreement as each set out its position.

Earlier, German Chancellor Angela Merkel said the euro had "lost credibility".

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