Germany Seeks ‘Orderly’ Insolvency Option for Euro Members

Germany Seeks ‘Orderly’ Insolvency Option for Euro Members (Bloomberg) Germany is proposing that the European Union create the option of an “orderly state insolvency” for countries using the euro, according to a Finance Ministry document. That would set incentives for governments to follow “solid” fiscal policies and for “responsible” behavior by investors, the document said. This is [...]