After recent sell-offs even a long expected ruling (Germans don't like surprises) is a good excuse for a rally of sorts.
If you haven't been following the issue, a group of German private citizens had decided to challenge the constitutionality of bailing out foreign governments with German taxpayer money. The court, as expected, said that the Bundestag can lend money (on paper it is a loan) as they see fit.
No comments:
Post a Comment