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10 Seconds

That’s how long it took Germany to say no to the EU’s “recommendation” of a Bank Union.

The German government on Wednesday reaffirmed its opposition to allowing European Stability Mechanism, Europe’s permanent bailout fund, to directly lend to troubled banks in the Eurozone.

Government spokesman Steffen Seibert said at a regular press conference here that the German rejection of the idea of any direct recapitalisation of banks by the ESM “is well known.”

It took my mom longer to say no to me getting a tattoo.

No end in sight.

Refresh your Euro Crisis Tracking software accordingly.

 

 

 

 

 

 

 

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