Merkel may still be on vacation, but Germany decided to make it all too clear just who is in charge after last week's idiotic headfake by Draghi et cie:
- GERMAN FINANCE MINISTRY SEES NO NEED TO GIVE ESM BANK LICENSE
- GERMAN MINISTRY SAYS THERE ARE NO SECRET TALKS ON BANK LICENSE
- GERMAN MINISTRY SAYS NOT HOLDING TALKS ON BANK LICENSE FOR ESM
Translating Schrodinger Schauble: the quantum state of Begging and Choosing can not co-exist in tensor superposition. Just in case the previous headline from the Bundesbank was not clear enough.