vendredi 30 septembre 2011
Germany To Leave The Euro?
Une véritable épidémie dans la presse internationale ...
The Market Ticker écrit:
I don't usually write on rumors, but this one simply will not go away.
Edit 20:00: L'épidémie continue ...
HOT: Berlin Currency Talks
Put this down in your notebook under: curious.
Yesterday, I reported that the insider Philippa Malmgren was speculating that Germany is printing up marks to prepare for an exit from the euro.
Now, Bloomberg is reprorting:
French Finance Minister Francois Baroin and German Finance Minister Wolfgang Schaeuble will attend talks on currencies in Berlin on Oct. 6, the German government said today at a press conference.
The talks will also be attended by Christine Lagarde, managing director of the International Monetary Fund, European Central Bank President Jean-Claude Trichet, Chancellor Angela Merkel, World Bank President Robert Zoellick and Angel Gurria, secretary general of the Organization for Economic Cooperation and Development.
As Hans Palmstierna writes to me in an email:
France+Germany+World Bank+IMF+OECD - what could they possibly have to discuss about currencies?
I thought there was only one currency in Europe these days. What's with the plural?
Germany will leave the euro, says leading commentator
The Eurozone crisis will end up with Germany quitting the common currency says economic commentator Philippa Malmgren of Principalis.
‘My view is that it is Germany that will have to pull out of the euro,‘ said Malmgren, speaking at Threadneedle Investments’ European conference in London on Thursday. ‘The decision has already been made by the government that leaving the euro is a possibility.’
‘I think they have already got the printing machines going and are bringing out the old deutschmarks they have left over from when the euro was introduced.’ [...]
Un peu de théorie, pourquoi quitte t-on une union monétaire:
Checking Out: Exits from Currency Unions PDF, 21 pages
DEVISES/L'euro glisse sous 1,35 dollar, inquiétudes sur la zone euro l'emportent
Londres (awp/afp) - L'euro accentuait son recul vendredi, s'enfonçant sous le seuil de 1,35 dollar, dans un marché nerveux dominé à nouveau par les inquiétudes sur la crise des dettes souveraines en zone euro et les incertitudes persistantes sur la situation de la Grèce.[...]