Thursday, October 25, 2012

German Finance Minister: Worst Is Not Behind Us

Der Spiegel quotes German Finance Minister Wolfgang Schäuble as stating: "I'm not so sure that the worst of the crisis is behind us." Also:
His comments were echoed by Yves Mersch, a member of the European Central Bank Governing Council who was also present at the event. He warned that even if calm had returned to the markets, it could be deceptive. "The bleeding has been stopped, but the patient is not yet in the clear," he said.

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Ragnorok Part XIV -- Escalation

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