Lagarde Wrong to Urge Mutualized Debt, Germany’s Seehofer Says
Shared liability for sovereign debt and a banking union, as Lagarde urges, would remove pressure on governments to carry out economic policy changes, Seehofer wrote in an opinion piece in Germany’s Handelsblatt newspaper.
The German constitution should be changed to permit referendums on decisions to deepen European integration and transfer powers to European institutions, Seehofer said.
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