Yes, the question comes down to one of self-interest, doesn't it? I believe it's in Germany's self-interest to see the EU succeed rather than disintegrate with all the attendant social and economic chaos, not just to other countries but itself as well. They understand that, and now are starting to recognize for that to happen the continent will need to embark on a serious plan for growth, rather than the austerity path taken to date. That's the seismic shift here...if the Der Spiegel article is to be believed. If true, I believe it spells the end of the global secular bull market in bonds.
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Originally Posted by lulzasaur
