Decisions, decisions (2)

Clearly the USA has rattled few cages if the report (see link below) is correct.

http://www.telegraph.co.uk/finance/financialcrisis/8830553/Lack-of-ECB-firepower-weakens-Europes-Grand-Plan.html

From the article:

Josef Ackermann, head of Deutsche Bank, said plans to leverage the EFSF may be illegal. “We cannot allow a rescue fund of this magnitude. The (constitutional) court would’t permit, and nor would the people,” he said.

See also:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8830072/Europes-lost-decade-as-7-trillion-loan-crunch-looms.html

I assume 'would't' is a typo!

Another excellent article, has a dig at the politicians who advocated the euro -

http://www.telegraph.co.uk/finance/comment/rogerbootle/8830079/Unravelling-an-economy-with-an-interlinked-crisis.html