Monday, November 14, 2011

Merkel's Party Just Voted To Allow Countries To Leave The Eurozone

"German Chancellor Angela Merkel's ruling Christian Democrats Union (CDU) party just approved the principle of a country exiting from the shared European currency, according to Bloomberg.
Merkel urged steps towards a true political and fiscal eurozone at a meeting of her party's annual congress today.

Allowance for exits (coerced or voluntary) from the currency would be the first step towards the foundation of a two-speed Europe—a region with and without the euro currency..."

at http://www.businessinsider.com/mekel-and-her-party-approve-euro-exits-in-big-push-for-political-unity-2011-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1diFTU22N