Schauble Makes It Clear: Beggars Can't Be Choosers
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.