German Chancellor Angela Merkelâs Christian Democratic Union party voted to offer euro states a âvoluntaryâ means of leaving the currency area. CDU delegates meeting in the eastern German city of Leipzig for their annual party congress today backed a motion on the euro that included a clause permitting euro exits without exclusion from the European Union. They rejected an amendment that would have sought to change voting at the European Central Bank so that it is weighted according to economic size. http://www.bloomberg.com/news/2011-11-14/merkel-s-cdu-votes-to-allow-exits-from-euro-area.html Bye, bye Greece, Protugal, Ireland ...and maybe Spain and Italy, too? Does this mean EURO @ 2,20 EUR/USD, soon?
but then it becomes stupid. The whole concept of the Euro becomes meaningless. They can just call the new currency the Franc-Mark
france is a lot closer than u think to exiting the euro. they are not in that much better condition than italy or spain.
You haven't seen Belgium-Austria-France spreads lately, have you ? If the trend keeps on, in a matter of days it's Germany VS rest of Europe