Warning: A non-numeric value encountered in _fusion_accelerator_unit_width() (line 867 of /var/www/vhosts/cer_live/site/sites/all/modules/contrib/fusion_accelerator/fusion_accelerator.module).
"The Germans have accepted that there will be more bailouts," says Simon Tilford, chief economist at the Centre for European Reform, a London-based think-tank. "They have compromised on their demand that haircuts for bondholders should be automatic," he says.
