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the Eurozone, Germany's national central bank is not allowed to buy sovereign securities on its own account. The German … the Eurozone and that it makes sense to consolidate central bank and government(s) even when a government is not issuing a …
Persistent link: https://www.econbiz.de/10012201485
This article analyses three seminal cases of bondholder litigation before German municipal Courts following the Greek sovereign debt restructuring of 2012. While the haircut imposed on private bondholders led to a significant reduction of the country's debt level in 2012, thousands of German...
Persistent link: https://www.econbiz.de/10012956397
The excessive accumulation of debt especially in the southern member states currently challenges European Monetary … currency union on German exports would be rather small. However, since European Monetary Union as a whole is still the most …. -- German exports ; European financial crisis ; EMU withdrawal …
Persistent link: https://www.econbiz.de/10009372957
Die Turbulenzen um Banken, Staatsschulden und den Euro verwirren Politiker, Journalisten und Bürger es hat den Anschein, als sei Hysterie ein Rohstoff der Kasinoökonomie. Dabei sind viele Mythen in Umlauf: Wird Deutschland zum Zahlmeister Europas? Leben wir wirklich über unsere Verhältnisse?...
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Verantwortlichen? War wirklich jeder Schulden-Euro notwendig? Wann kann ein Staat pleitegehen, und wie sieht ein solcher Staatsbankrott …
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