Folly of Preserving the Euro at All Costs; Should France Lead Breakup of Euro?
The Local, a website with German news in English reports Economists warn against German euro exit. “Even a believable rumour that Germany would exit the euro would result in a massive capital flight from the countries of southern Europe to Germany.” The southern European banking system would then collapse, bringing down entire economies with them, Schmieding said. The consequences for Germany would be sever ...
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