I know of several economics prof.’s in Germany that predicted the euro to experience a crisis around 2008 to 2010 and that the currency union will fail.
“The Bundesbank has been ordered to print marks.”
– MARK ‘SET FOR COMEBACK’ AS GERMAN EURO CRISIS DEEPENS (Express, June 27,2011):
ALMOST three-quarters of Germans doubt that the euro has a future, a poll reveals.
They also believe rescue attempts are futile as billions more euros will be paid to bail out Greece.
A poll by German newspaper, the Frankfurter Allgemeine, found 71 per cent had “doubt,” “no trust” or thought there is “no future” for the euro. Only 19 per cent expressed “confidence” in it.
Sixty eight per cent said they did not think the emergency bail out of Greece would work.
A separate poll last week showed more than half of Germans thought that Greece should be thrown out of the euro.
Rumours are also rife in Germany that Deutsche Mark bank notes are being printed again in preparation for ditching the euro.
It is said Germany’s central bank, the Bundesbank, has been ordered to print marks as part of contingency plans to leave Europe’s single currency.
This would be an extraordinary step for Germany and would deepen the growing divide between Europe’s leading states.
Since its introduction in 1999, the euro has had a tough time trying to win over a sceptical German public, who saw the mark – one of the world’s most stable currencies – as a symbol of post-war prosperity, second only to the US dollar as the reserve option for investors.
Chancellor Angela Merkel now faces her biggest crisis. The opposition is speculating her government may fall as Germans become more vocal in their opposition to bailing out Greece.