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"Whoever gives money never gives it away for free," says EU Competition Commissioner Joaquin...

  • Monday, June 11, 2012, 7:34 AM ET
    "Whoever gives money never gives it away for free," says EU Competition Commissioner Joaquin Alumina, joining German finmin Schaeuble in contradicting Spanish insistence this weekend's bailout agreement comes with no strings. "There will of course be (Troika) supervision," says Schaeuble.
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    Germany is looking for a way out, but doesn't want to appear responsible for the common currency falling apart. My guess is that theory will explain a lot of what will happen in the near to mid-term, and arguably could explain some of what already has happened.
    11 Jun 2012, 07:58 AM Reply Like
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