Death of a currency as eurogeddon approaches

[Torplexed]

Interesting article by Jeremy Warner of the Telegraph. Previously, everyone thought Germany would eventually relent and allow printing and/or Eurobonds, but now they've suddenly realized that Germany isn't going to relent and it's time to head for the exits.

http://www.telegraph.co.uk/finance/comment/jeremy-warner/8913884/Death-of-a-currency-as-eurogeddon-approaches.html

What we are witnessing is awesome stuff – the death throes of a currency. And not just any old currency either, but what when it was launched was confidently expected to take its place alongside the dollar as one of the world's major reserve currencies. That promise today looks to be in ruins.

[TarJak]

Strap in tight people, it's going to get a bit bumpy from here on in.:wah:

[Schroeder]

The fact that there was a "lawsuit" in preparation against Germany for it's "high" deficit a couple of years ago now brings laughing tears to my eyes.:har:
:wah::wah::wah:
:damn::damn::damn::damn:
It's nothing short of awesome what's going on around here now.:damn:

[Dread Knot]

Between stories like this and the recent demise of MF Global I wonder if I should begin stocking up on staples. :-?

[Jimbuna]

Thankfully the UK never adopted the Euro but our banks won't come out of this unscathed neither.