{"id":29397,"date":"2011-11-18T16:30:57","date_gmt":"2011-11-18T16:30:57","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ambrose_evans-pritchard-asian_powers_spurn_german_bonds_and_pullout_of_eu_\/"},"modified":"2011-11-18T16:30:57","modified_gmt":"2011-11-18T16:30:57","slug":"ambrose_evans-pritchard-asian_powers_spurn_german_bonds_and_pullout_of_eu_","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=29397","title":{"rendered":"Ambrose Evans-Pritchard&#8211;Asian powers spurn German bonds and pullout of EU as a whole"},"content":{"rendered":"<p>Critics say Germany is falling between two stools. It has backed EMU rescues on a sufficient scale to endanger its own credit-worthiness, without committing the nuclear firepower needed to restore confidence and eliminate default risk in Spain and Italy. It would be hard to devise a more destructive policy.<\/p>\n<p>There is no change in sight yet. Chancellor Angela Merkel repeated on Thursday that Germany would not accept joint EU debt issuance or a bond-buying blitz by the ECB. &#8220;If politicians think the ECB can solve the euro&#8217;s problems, they&#8217;re trying to convince themselves of something that won&#8217;t happen,&#8221; she said.<\/p>\n<p>Yet she offered no other way out of the logjam, and each day Germany is sinking a little deeper into the morass.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/8897775\/Asian-powers-spurn-German-debt-on-EMU-chaos.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Critics say Germany is falling between two stools. It has backed EMU rescues on a sufficient scale to endanger its own credit-worthiness, without committing the nuclear firepower needed to restore confidence and eliminate default risk in Spain and Italy. It<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=29397\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,201,502,582,589,595,592,149,591,200,590,478,585,596],"tags":[],"class_list":["post-29397","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-asia","category-china","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-germany","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29397"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29397\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}