European investment banker Kiron Sarkar takes a contrary view of the recent German...

|By:, SA News Editor

European investment banker Kiron Sarkar takes a contrary view of the recent German Constitutional Court ruling, saying it nixes a permanent EU rescue facility as well as the issuance of eurobonds."This ruling is a killer for the Greeks and, virtually certainly for the Portuguese as well ... the ECB will remain the only player in town and (it is) extremely reluctant."