German finance minister asks court not to block euro assistance

German finance minister asks court not to block euro assistance

Press quote (The New York Times)
Philip Whyte
10 July 2012

"The fundamental problem with the eurozone is that what happens at the federal level in the United States still happens at the national level in the eurozone," said Philip Whyte, a senior research fellow at the CER. "Unless they correct that flaw, individual states are going to run into trouble, and when they run into trouble, the markets are going to question how much political appetite there is to keep that country within the eurozone."