For months I’ve been warning that when push come to shove Germany will bail on the Euro.
The reasons for this are simple:
1) The German public and court system won’t stand for QE from the European Central Bank
2) Issuing Euro bonds goes against the German constitution
3) Germany has its own share of domestic problems with a REAL Debt to GDP ratio north of 200% and its banks needing tens of billions of Euros in new capital
All of these factors lead me to believe that
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