Here We Go Again: German Government Advisor Says Eurozone May Not Remain Intact Over Next 12 Months

Monday, May 9, 2011
By Paul Martin

by Tyler Durden
Zero Hedge

Your daily diversion comes from German government advisor Bofinger:

Eurozone needs a very comprehensive solution, or may not remain intact over next 12 months

Need to consider EU stimulus measures for Greece in addition to belt-tightening

Have to change overall approach for Eurozone periphery countries

Euro now sliding since apparently the EURUSD traders did not get the Friday memo that the G-7 have decided fair value for the pair is 1.35 tops. Oh yes, in the meantime we can’t wait for Germany to get back to the DEM which will buy about $10 USD and make German exports a thing of the ancient past.

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