Eurozone Quotes 

Money talks: financing the periphery buys Berlin a leading role recasting the eurozone governance framework. The recent ‘six pack’ of legislative reforms hints at what’s to come: institutionalized fiscal discipline and an excessive imbalances procedure that protects against future moral hazard. The whole eurozone will tilt toward the German surplus model as we get more fiscal integration and more German leverage.
Ian Bremmer
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Mariano Rajoy frustrates many with his prevarication over a fresh euro-zone bail-out, which now comes with a conditional promise from the European Central Bank (ECB) to help bring down Spain ’s stifling borrowing costs.


— In Mysterious Marian

Tags: Mariano, prevarication, over, fresh, bailout, now, conditional, promise, European

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