ESM a Goner After Federal Constitutional Court Ruling

Market Commentary from Hamburg, Germany — by Markus Mage. I have been absolutely astounded by the amount of mis-information around the German constitutional court’s ruling throughout almost the entire mass media. Even the German government themselves appear fully incapable to get it; on the other hand, Merkel, Roesler and the other big-government thugs could well be aware of theirs being a Pyrrhus victory only and really be bluffing their ’happy’ faces. (I mean, they should have some sort of counsel able to explain the preliminary decision’s real meaning, shouldn’t they?) The German daily “Frankfurter Allgemeine Zeitung” is a notable exception...