Buiter on good news, bad news
FT Alphaville » Banking Union 2013-08-01
Summary:
Citi’s Willem Buiter has gone all good idea/bad idea on us.
= the introduction of the ECB’s Outright Monetary Transactions (OMT) facility, the decision of the German Constitutional Court to allow German participation in the ESM with small additional conditions, and the strong performance of centrist, pro-European parties in the Dutch election.