Friday, September 30, 2011

Germany will leave the euro

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.

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The Eurozone crisis will end up with Germany quitting the common currency says economic commentator Philippa Malmgren of Principalis.

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