ESM Hyperinflation Lampooned in FAZ Cartoon
September 18, 2012 • 12:48PM

The hyperinflationary drive implied in the ESM is exposed in a nice cartoon which was recently run in the Frankfurter Allgemeine Zeitung:

It shows two men discussing about last week's constitutional court ruling and its implications for Germany; one man says, "We are guaranteeing EU190 billion. Peanuts. That's how much a loaf of bread will cost in five years."