Berlin reconciles itself to bailouts
Written by Simon Tilford, 30 November 2010
"The Germans have accepted that there will be more bailouts," says Simon Tilford, chief economist at the Centre for European Reform, a London-based think-tank. "They have compromised on their demand that haircuts for bondholders should be automatic," he says.
Link to press quote:
http://online.wsj.com/article/SB10001424052748703945904575645041258872452.html
