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Good week for the euro - but also a warning

The German chancellor says it's a "good day for Germany and a good day for Europe". Better than that, it's been a good week. First, the European Central Bank delivered on its pledge to do more - possibly quite a lot more - to hold the euro together. Now the German constitutional court has ruled in favour the new European bailout fund, the ESM.

 

Germany and France clash on ECB crisis role

Germany and France clashed on Wednesday over whether the ECB should take bolder steps to stem the euro zone debt crisis, with Chancellor Angela Merkel issuing one of her starkest warnings yet against fiddling with the central bank's strict inflation-fighting mandate.

 

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