Other central banks, including the Bank of England, have followed their example. The question is whether this concerted action will be enough to steady markets and bring back confidence. In the event, Germany s budget for the coming year will barely make a revolutionary blench. Its impact on the 750 billion national debt will be minimal. New borrowings will fall marginally, from 22 billion to 21 billion.
Politicians like to play with other peoples money.
With a bank, there seems to be more available for play. The temptations are great and the consequences can be disastrous. Berlin is watching its very own banking disaster unfold. All rights reserved. Please send your questions, comments, or bug reports to Feedback .