Abandoning The Euro

[social_trader]

Should countries in Europe where the economies are strong abandon the Euro in order to save themselves and keep their own economies steady? Would Germany ever go back to DM?

Thoughts?

 

[NVP]

if you think strong countries abandoning the Euro will save their own economies then think again .............thats why Germany remains ...damned if they do and Damned if they dont

N

 

[Mr. Charts]

At least the Germans have discovered the way to rule Europe without starting another war LOL

 

[new_trader]

if you think strong countries abandoning the Euro will save their own economies then think again .............thats why Germany remains ...damned if they do and Damned if they dont

N

Germany is repatriating their gold because they know what real money is.

Bundesbank indicated they have no intention of selling gold, but acknowledged the move is “preemptive” in case a “currency crisis” hits the European Monetary Union.

 

[0007]

Governments reduce/negate their debt through inflation/devaluation. The basket cases in the Euro can't do this as long as they stay in - so the eventual outcome is obvious. Germany is doing with their gold what savvy savers did with Northern Rock.