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View Full Version : Germany Should Fund Euro Countries, U.K.'s Clegg Tells Spiegel - Bloomberg



NewsWhore
05-20-2012, 10:40 AM
Germany Should Fund Euro Countries, U.K.'s Clegg Tells Spiegel (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF_ljD2VXJDxsvaCLhPQDY8_EjI5Q&url=http://www.bloomberg.com/news/2012-05-20/germany-should-fund-euro-countries-u-k-s-clegg-tells-spiegel.html)
Bloomberg
A common currency won't work without transfer payments, while fiscal discipline alone won't save the euro, Clegg told the magazine. Direct payments to other governments or jointly issued euro area bonds are unavoidable, Clegg said, according to Der ...

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