On markets and golf: ‘let the clubs do the work’

How is Europe’s benchmark public sector borrower coping in this new era of vastly increased government bond issuance? Carl Heinz Daube, the man in charge of Germany’s finance agency gives a wide-ranging interview and speaks out on the pros and cons of the German bank bailout, the dangers of creating a single public sector issuer in Germany and indeed Europe as well as why he is such as big supporter of the auction process.