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Originally Posted by Feuer Frei!
Interesting.
26% of Germans would vote for "AN" anti-euro party. Not necessarily this one.
True enough, Germany has paid too much to prop up the Euro, time and time again.
The Euro would collapse if Germany left it, there is no doubt about that.
If the Euro disbanded or collapsed, what would the German currency be? The DM?
To be frank, one of the biggest reasons the Euro was created was to float a World currency to rival the $US.
Many Germans were unhappy and didn't want to be part of this Euro. The DM was the strongest it had ever been.
So long as Angela is holding the reigns, there will never be talk of leaving the Euro.
Germany is bleeding, has been for a long long time.
When is enough enough?
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The only reason to found the Euro that early, was France, and Mitterand's concern regarding the German atomic bomb: the French word for "D-Mark". that France suffers so dearly now from having gotten what it wanted and what it once intended to be a tool of weakening and supressing the German economy and currency, has the odor of biblical justice around it.
However, such feelings of "triumph" are short-living only. Germany can delay a bit to get hit by the worst to come, but it cannot evade it forever. Where Cyprus, Greece and others are today, we will be in the forseeable future - just a bit later than others.
Implict debt level in Germany currently: minimum estimation 500% of the GDP, more likely in the range of 600-800%. All liabilities resulting from the Euro and the ECB not included.