Surely not.
According to reports a certain Wolfgang Schaeuble submitted data to a German parliament committee on their liabilities to Europe. Apparently he only included German risks to the ESM and EFSF but left out their input to the EFSM (€12bn) and €15bn of credit to Greece via the KFW development bank.
Now it’s very unlike the Germans to do something like that so it could be just a bit of stirring by the press. We can probably assume that Herr Schaeuble has presented the figures at another time.
Originally Published on FX Times
According to reports a certain Wolfgang Schaeuble submitted data to a German parliament committee on their liabilities to Europe. Apparently he only included German risks to the ESM and EFSF but left out their input to the EFSM (€12bn) and €15bn of credit to Greece via the KFW development bank.
Now it’s very unlike the Germans to do something like that so it could be just a bit of stirring by the press. We can probably assume that Herr Schaeuble has presented the figures at another time.
Originally Published on FX Times
by InformedTrades via InformedTrades
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