Germany sets out roadmap to default

Editorial. It is clear that there can be no return to eurozone pre-crisis conditions, where all could borrow at or near German rates, so Berlin’s moves on bank and sovereign debt are welcome.

EurActiv, 29.11.10: EU ministers discuss bondholders 'haircuts' http://www.euractiv.com/euro-finance/eu-ministers-discuss-bondholder-haircuts-news-500071

Spiegel Online International, 26.11.10: Which EU Problem Child Will Be Next? http://www.spiegel.de/international/europe/0,1518,731335,00.html

ESO: Background information: Ministers sign off on €85bn Ireland deal http://www.europeansources.info/record/ministers-sign-off-on-e85bn-ireland-deal/

EurActiv, 29.11.10: EU backs Irish bailout, sketches permanent plan http://www.euractiv.com/euro-finance/eu-backs-irish-bailout-sketches-news-500072

ESO: Background information: Plans for fiscal rescue mechanism move forward http://www.europeansources.info/record/plans-for-fiscal-rescue-mechanism-move-forward/

ESO: Background information: Paris and Berlin near mechanism deal http://www.europeansources.info/record/paris-and-berlin-near-mechanism-deal/

PressEurop, 29.11.10: The banks will chip in… a bit http://www.presseurop.eu/en/content/article/408871-banks-will-chip-bit

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