“Euro May Have to Coexist With a German-Led Uber Euro” (Bloomberg)


From BloombergEuro May Have to Coexist With a German-Led Uber Euro: Business Class:

It appears another rescue is on the way for Greece. It won’t solve the currency union’s problems. The real threat to the euro isn’t that a weak peripheral country like Greece might withdraw in an effort to devalue its way to competitiveness, but rather that Germany might want to pull out.

Germany’s incentive to leave grows with each bailout, and Berlin could ultimately make a simple calculation that extrication will be less costly than continuing the sacrifice needed to keep the euro.

Read more.

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This entry was posted in Bankers' Bailout, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, ireland, Solutions and tagged , , , , . Bookmark the permalink.

One Response to “Euro May Have to Coexist With a German-Led Uber Euro” (Bloomberg)

  1. Pingback: » Nein, Euro Plus Pakt

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