Courtesy of Mish.
EU nannycrats are marching forward with plans without regards to Germany or German constitutional issues.
The plan is dead on arrival because it includes eurobonds and other questionable items, but nannycrats do not care about such issues.
List of Nannycrats Working on the Master Nannyplan
- European Union Commission President Jose Manuel Barroso
- European Council President Herman Van Rompuy
- Euro group head Jean-Claude Juncker
- European Central Bank President Mario Draghi
Notably missing is anyone representing Germany although though the plans include eurobonds. Even if one ignores the eurobond issue, the nannyplan cannot possibly fly.
I pieced together details from an article on Reuters: Europe works on new euro zone bond plan
The original source is cited as Der Spiegel but as is typical in economic articles, no links to external sources are provided.
I happen to believe that if you quote someone you ought to have the decency to put in a link, but these days few do. Rant aside…