Did German Chancellor Angela Merkel Just Usher In The Deutsche Mark?

Did Merkel Just Usher In The Deutsche Mark? (Zero Hedge, Nov. 9, 2011):

Rather worryingly, Bloomberg is reporting a Handelsblatt report (due tomorrow) that Mrs. Merkel is investigating ways to enable countries to leave the Euro.

Merkel’s CDU Seeks to Make Euro Exits Possible (via Bloomberg)

RMBS patents ruled invalid German Chancellor Angela Merkel’s Christian Democratic Union party wants to make it possible for European Union members to exit the euro area, Handelsblatt reported in a preview of an article to be published tomorrow, citing unnamed participants in the discussion.

A commission within the party, that is crafting a framework to be presented at a party meeting, has proposed allowing a euro member who doesn’t want to or isn’t able to comply with the common currency rules to leave the euro region without losing membership in the EU, the newspaper said.

Flashback:

Former White House Advisor & UBS Global Strategy Deputy Head And CFR Member: The Germans Announce They Are Re-Introducing The Deutschmark – They Have Already Ordered The New Currency And Asked That The Printers Hurry Up

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.