Six Points for a Stable Europe
... spite of looming sanctions would be the subject ...
http://www.insm.de/en/Taxes---Finances/six-points-for-a-stable-europe.html

“The decisions are a breakthrough”
... a fiscal union with automatic sanctions towards the same ...
http://www.insm.de/en/Social-Market-Economy/ECB-chief-Draghi-at-Ludwig-Erhard-Lecture.html