Not Quite Checkmate For The Bundesbank

Europe File: The Bundesbank is now powerless to stop the eurozone’s debts becoming mutualized on the ECB’s balance sheet. But acquiescing might secure for Germany some degree of control over the terms of surrender, says Simon Nixon.

Topics:  file   bundesbank   ecb s   germany   simon   nixon   
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    Checkmate (often shortened to mate) is any game position in chess and other chess-like games in which a player's king is in check (threatened with capture) and there is no possible escape. Checkmating the opponent wins the game. In chess, the king is never actually captured—the player loses as soon as the player's king is checkmated.
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