Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
I guess in a formal legal sense Schäuble is right. This is the problem with international contracts. It binds the government no matter what the electorate says. I think this is the reason why free trade deals are seen as so important. Free trade contract forever enshrine neo-liberal economic principles.

But look, not to beat a dead horse here. But many rules have been broken already. The ECB is not keeping its mandate and it is Germanys fault.

by rz on Tue Dec 30th, 2014 at 06:29:37 AM EST
[ Parent ]
The German establishment is nothing if not formalistic and legalistic.

Incidentally, I used to be a fan of German legal positivism until I saw the practical consequences of legalism in the Euro crisis.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Tue Dec 30th, 2014 at 08:40:00 AM EST
[ Parent ]
by Bernard (bernard) on Tue Dec 30th, 2014 at 09:28:15 AM EST
[ Parent ]

Display:

Occasional Series