Critical Analysis: Germany’s Bailouts – What Might This Mean for Spain?

At 10 a.m. Wednesday, Germany’s Federal Constitutional Court approved Chancellor Angela Merkel’s proposal to support the bailout plan for the 17 countries in the euro zone: the European Stability Mechanism (“E.S.M.”).  The ESM, a continental version of the International Monetary Fund, will handle bailouts and work with the European Central Bank to buy the bonds … Read more