hhiusa
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If Germany were to leave the euro, the euro would be the currency that falls in value, relative to Germany’s new national currency. Weaker European countries would get to keep their attachment to the euro but still get the devaluation they need, which in turn would reduce their labor costs far less painfully than through wage cuts. As a result, the value of their outstanding debt would decrease together with the value of the euro. These weaker countries would be more likely to be able to make payments on their debts, avoid default and also avoid the austerity measures imposed by Germany.
It has also been suggested that other rich countries in the EU would follow suits forming the northern EU.
Germexit now!
http://blog.ncm.net/2015/02/03/worried-about-a-grexit-what-about-a-germexit/
It has also been suggested that other rich countries in the EU would follow suits forming the northern EU.
Germexit now!
http://blog.ncm.net/2015/02/03/worried-about-a-grexit-what-about-a-germexit/