Should Germany Exit the Euro?
Those who advocate the creation of Eurobonds do not not recognize the real nature of the monetary union's problems. The ongoing financial crisis is merely a symptom of the eurozone’s underlying malady: its southern members’ loss of competitiveness.
MUNICH – Last summer, the financier George Soros urged Germany to agree to the establishment of the European Stability Mechanism, calling on the country to “lead or leave.” Now he says that Germany should exit the euro if it continues to block the introduction of Eurobonds.