Victory for Bankfurt over Berlin as Weidmann retaliates on firewall question
Yesterday afternoon’s decision by the German Bundesbank to refuse acceptance of Greek, Irish or Portuguese sovereign/bank bonds has dealt a blow to the Eurozone which few informed observers think it can survive. With the help of sources, The Slog digs into what’s really going on here.
As The Slog has always maintained – and Parisian sources have consistently affirmed – there are really three Germanies at the moment: Merkel Germany, Schauble Germany, and Banker Germany. Banker Germany has been led for several months now by Jens Weidmann, the Bundesbank President; and as the Slog’s Bankfurt Maulwurf has been alleging for weeks, this last schism’s power is in the ascendancy. Schauble Germany consists of the Finance Minister and some of his aides: these are the leading players who have become increasingly pessimistic about ClubMed’s chances, while…
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