What will happen to the Euro if Germany leaves it?
ECB talk lifts battered euro as crisis worries spread | Reuters
I've read a few articles like this, one in City AM saying they think Germany might leave as soon as next year
Germany has resisted pressure from countries such as France to turn the euro zone into a "fiscal union" -- a step which could help the bloc address its economic imbalances, but which would require members to sacrifice sovereignty over economic policy for the good of the group.
Chancellor Angela Merkel is also sceptical about putting up more funds for bailouts, concerned that German taxpayers would end up shouldering the lion's share of a string of rescues of countries which Berlin believes have made themselves vulnerable through economic mismanagement.
Peter Bofinger, a member of the "wisemen" panel of economic advisers to the German government, said the risks to the euro were "enormously large" and Germany needed to decide whether it wanted to let the currency fail or do more to save it.
"For me it is decisive that we ask ourselves in Germany whether we want to continue to have the euro or not," he told NTV television. "We must have this discussion because we must ask ourselves whether we find it worth it to stand up for it."
Chancellor Angela Merkel is also sceptical about putting up more funds for bailouts, concerned that German taxpayers would end up shouldering the lion's share of a string of rescues of countries which Berlin believes have made themselves vulnerable through economic mismanagement.
Peter Bofinger, a member of the "wisemen" panel of economic advisers to the German government, said the risks to the euro were "enormously large" and Germany needed to decide whether it wanted to let the currency fail or do more to save it.
"For me it is decisive that we ask ourselves in Germany whether we want to continue to have the euro or not," he told NTV television. "We must have this discussion because we must ask ourselves whether we find it worth it to stand up for it."
I've read a few articles like this, one in City AM saying they think Germany might leave as soon as next year
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