"For a long time, most analysts have believed that if someone was going to leave
the euro, it would be a weak nation such as Greece or Portugal. But the truth
is that financially troubled nations such as Greece and Portugal don't want to
leave the euro. The leaders of those nations understand that if they leave the
euro their economies will totally collapse and nobody will be there to bail them
out. And at this point there really is not a formal mechanism which would
enable other members of the eurozone to kick financially troubled nations such
as Greece or Portugal out of the euro. But there is one possibility that is
becoming increasingly likely that could actually cause the break up of the
euro. Germany could leave the euro. Yes, it might actually happen. Germany is
faced with a very difficult problem right now. It is looking at a future where
it will be essentially forced to bail out most of the rest of the nations in the
eurozone for many years to come, and those bailouts will be extremely
expensive. Meanwhile, the mood in much of the rest of Europe is becoming
decidedly anti-German. In Greece, Angela Merkel and the German government are
being openly portrayed as Nazis. Financially troubled nations such as Greece
want German bailout money, but they are getting sick and tired of the
requirements that Germany is imposing upon them in order to get that money.
Increasingly, other nations in Europe are simply ignoring what Germany is asking
them to do or are openly defying Germany. In the end, Germany will need to
decide whether it is worth it to continue to pour billions upon billions of
euros into countries that don't appreciate it and that are not doing what
Germany has asked them to do.
German Chancellor Angela Merkel’s Christian Democratic Union party recently approved a resolution that would allow a country to leave the euro without leaving the European Union.
Many thought that the resolution was aimed at countries like Greece or Portugal, but the truth is that this resolution may be setting the stage for a German exit from the euro.
The following is an excerpt from that resolution....
So was that paragraph written for Greece?
Or was it written for Germany?
That is a very interesting question.
What is clear is that the status quo cannot last much longer..."
at http://theeconomiccollapseblog.com/archives/is-germany-actually-preparing-to-leave-the-euro
German Chancellor Angela Merkel’s Christian Democratic Union party recently approved a resolution that would allow a country to leave the euro without leaving the European Union.
Many thought that the resolution was aimed at countries like Greece or Portugal, but the truth is that this resolution may be setting the stage for a German exit from the euro.
The following is an excerpt from that resolution....
"Should a member [of the euro zone] be unable or unwilling to permanently obey the rules connected to the common currency he will be able to voluntarily–according to the rules of the Lisbon Treaty for leaving the European Union–leave the euro zone without leaving the European Union. He would receive the same status as those member states that do not have the euro."
So was that paragraph written for Greece?
Or was it written for Germany?
That is a very interesting question.
What is clear is that the status quo cannot last much longer..."
at http://theeconomiccollapseblog.com/archives/is-germany-actually-preparing-to-leave-the-euro
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