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hang ten

05/17/10 8:59 AM

#318867 RE: Stock Lobster #318863

Yours and LH's articles show that actually, Germany leaving the EMU will be a +ve for them, financial windfall and prevention of a -ve, ie bailing out Greece.

"This is the only break-up scenario that makes much sense. A German exit would allow Club Med to uphold contracts in euros and devalue with least havoc to internal debt markets. The German bloc would enjoy a windfall gain. The D-Mark II would be stronger. Borrowing costs would fall. The North-South gap in competitiveness could be bridged with less disruption for both sides. "