Shrink the eurozone, or create a fiscal union

Commentary feature. Germany’s EMF idea is just a smokescreen. It is not about helping countries in trouble. It is about helping them to get out of the eurozone, writes Wolfgang Münchau.

ESO: Background information: Schäuble calls for tough EMF sanctions / Why Europe’s monetary union faces its biggest crisis http://www.europeansources.info/record/schauble-calls-for-tough-emf-sanctions-why-europes-monetary-union-faces-its-biggest-crisis/

Deutsche Welle, 13.3.10: EU ministers map out Greek rescue plan http://www.dw-world.de/dw/article/0,,5350175,00.html

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