Germany To Leave The Euro?

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I don't usually write on rumors, but this one simply will not go away. Germany is rumored to have ordered printing plates to resume printing Marks, and is intending to walk. This does make sense, although the Germans would have to find a way to shield their banks from the impact of a
massive
shift off the Euro and into the Mark by Germans, which would spike the Mark higher and positively trash the Euro's value. The usual answer to "why they won't" is that the Mark would become ridiculously strong and that would kill Germany's export industry, which being
goods based
(rather than the faux "export industry" that is often mostly services) would get plastered. The core of most commentators' thesis is that this fact would preclude Germany from doing it. But here's the problem - playing the bailout game is a tax exactly identical to the impact of that stronger currency, and
the bailout game costs you the decision-making power you retain when you are the one in control of your own destiny.
The German people are tired of the crap and with good reason. They should not have...
Read the full analysis here.
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