Relevant:
- Drop in Germany's exports signals stalling eurozone economy
- Italy's Mr Euro urges Latin Front, warns Germany won't sell another Mercedes in Europe
- Southern Europe's Recession Threatens to Spread North
- Crisis escalates as insurrection breaks German control of Europe
- German 'bail-in' plan for government bonds risks blowing up the euro: Councilmember
2012-05-29 — telegraph.co.uk
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Indeed, the ECB even let the broader M3 money supply contract for the whole eurozone late last year, badly breaching its own 4.5pc growth target.
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There is, of course, a hint of revolution in Europe's air. A Latin Bloc has come to life. Germany is on the back foot. Yet are the rebels willing to use majority control over the ECB to force an immediate and transforming shift in policy, against German protest? Will they risk a German withdrawal from monetary union?
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