Friday 3 December 2010

Merkel: "If this is the sort of club the euro is becoming, perhaps Germany should leave,"

According to this newspaper report chancellor Angela Merkel mentioned the possibility of Germany leaving the euro at a recent EU summit:

"If this is the sort of club the euro is becoming, perhaps Germany should leave," Merkel replied, according to non-German government figures at the dinner. It was the first time in the 10 months since the euro was plunged into a fight for its survival that Germany, the EU's economic powerhouse and the lynchpin of the euro's viability, had suggested that quitting the currency is an option, however unlikely.

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