European Central Bank (ECB) Governing Council member Erkki Liikanen Member of the European Central Bank (ECB) Governing Council Erkki Liikanen warns that the worsening financial condition in the eurozone may endanger the ‘German economy’. “Economic developments are causing us concern. No country is immune to the effects of the (EU) debt crisis. Not even the German economy,” said Liikanen on... 

Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to read about preparations for trading in the drachma on a when issued basis, once the summit passed (and it was...