I Said Germany Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again!
July 18, 2012
Since November 2011, I’ve been saying that Germany will leave the Euro, but NOT necessarily the EU. The reason? Well, for one thing Germany laid out legislation that would allow this happen. Then of course you have the following comments from Germany’s finance minister Wolfgang Schauble:
Wolfgang Schauble admits euro bail-out fund won’t halt crisis
Europe’s “big bazooka” bail-out fund is not ready and won’t stem the debt crisis that on Tuesday pounded Italy and the European Central Bank (ECB), admitted Wolfgang Schauble, Germany’s finance minister.
This was a pretty strong admission from the finance minister of the country that Europe looks to as a financial backstop. It was made back in November 2011. And the following is even more disconcerting for the future of the Euro.
Seeing in Crisis the Last Best Chance to Unite Europe