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I think its a good possibility. Germans feel they are subsidizing the Euro-Zone periphery countries. Now with the ECB having to continue to issue currency in e
by bubbleRefuge 15y ago
I think its a good possibility. Germans feel they are subsidizing the Euro-Zone periphery countries. Now with the ECB having to continue to issue currency in exchange for bank liabilities and national government bank liabilities, Germany may perceive this as inflationary ( though it is probably not) and given German history ( Wiemar, etc) they are sensitive to this type of policy. As such, wouldn't it be much easier for Germany to leave the Euro than the reverse?