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Okay, this London Telegraph story is by way of StockTwits. It’s about the German finance minister saying that basically the recent EU meetings and resultant euro bailout fund didn’t solve the problem: http://stks.co/1JSs
So is Germany just playing chicken with the rest of Europe so that they agree to play by Germany’s fiscal and monetary rules? I know Merkel has had a tough time selling any bail out of club med to her people, but if this is the way it’s going, and the end is a trashed euro and broken debtor nations, why don’t the Germans just announce they’re pulling out and leaving the rest of Europe on their own? Seems like the results will be basically the same.
As has been mentioned here by many others, the result of Germany leaving would most likely be a flight to safety out of Euros and into Deutschmarks. Not something necessarily in Germany’s best interest right now.
Yeah, nothing like deflation to really fak up your export economy.
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I get that. But when the finance minister says that that the agreement the EU has reached won’t fix the problem, he’s as much as saying the euro is dead, anyway. Just trying to understand what Germany is planning for: A Europe abiding under German fiscal policy or a true collapse of the EU and a post-euro future.
This has been the ongoing saga for months now.
Germany would probably more likely want to suffer a smaller union rather than just out right leave and print marks.
They have to much skin in the game to lose it now. Plus there is always the prospect of getting new suckers in to share the debt burden and use them to help boost the euro stability.
Poland seems to want in after too much wodka (sic)