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March 11, 2013

Euro Revolt Spreads to Germany

Ambrose Evans-Pritchard, Daily Telegraph

AP Photo

The appeal of German exit is obvious. It is the least traumatic way to end the 20pc to 30pc misalignment between North and South, the cancer eating Europe. Club Med keeps the euro. It enjoys instant devaluation, while still able to uphold euro debt contracts. The spectre of sovereign defaults recedes.

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TAGGED: Europe, Eurozone, EU, European Union, Alternative für Deutschland, Angela Merkel, Germany

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