Comment: Germany may abandon the euro and re-introduce the Deutschmark.

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fireant's picture

Germany may abandon the euro and re-introduce the Deutschmark.

I think they have made preparations for such an eventuality. They would remain in the Euro-zone, but there is no way the German people will tolerate more bailouts for other countries.
This could all get real serious soon. Banks across Europe are tanking, and without Germany, there is no money.
What I wonder is, if Germany does leave the euro, would that then give license for ECB to print print print?

Undo what Wilson did