Germany´s Finance Minister Schäuble:Euro Zone at crossroads because of Greece

Discussion in 'Wall St. News' started by ASusilovic, May 31, 2011.

  1. The Euro is faulty as designed. And Germany, by having the highest trade surplus and low consumption, is also contributing to the Euro's demise.

    If Greece was the only issue, then I would agree. But it's not. The Architecture of the Euro is flawed. There is no recycling mechanism for handling trade surpluses.

    It is practically mathematically impossible for every country in the EU to have a trade surplus. 2/3 of EU trade are between member states.

    Maybe Germany should leave the Euro. Then we'll see the Deutsche Mark become 2.00 to the dollar and the Euro, and their exports plummet.