Paris and Berlin at odds over default system

Press quote (Financial Times)
Katinka Barysch
25 October 2010

"For the French, sovereignty is absolute, so a state cannot go bankrupt," said Katinka Barysch, deputy director of the Centre for European Reform, a think-tank. "They do, of course. There are plenty of history precedents. But to plan for it may seem harder for the French than for Germany's legalistic minds."