Sunday, January 15, 2012

Reuters — Linde CEO says Germany should mull euro exit


"if we do not succeed in disciplining countries then Germany needs to exit."
Reuters
Linde CEO says Germany should mull euro exit

My  position from the beginning has been that Germany would likely be the first to exit, owing to political opposition objecting to "carrying the rest of Europe on the back of German taxpayers."

If Germany exited and went back to the DM, the EZ could probably survive with the euro, since the major opposition to a monetary and fiscal policy that could work would be gone, as would the mercantilist power causing the major asymmetry.

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