Are Germany and France Pulling Out of The Euro?

(Update 5/14/10) Please read below for full story, but I wanted to update this article with the newest information as of this morning. A few different sources are reporting that French President Sarkozy is threatening the position of France with the Euro, if a bailout agreement is not reached with Germany, regarding Greece. Well then, all the rumors and chatter make a lot more sense now!

Update 5/13/10: This rumor is still going strong on the Internet, regarding Germany and their currency. Although it seems that the buzz was started by a hoaxer, there is still truth to this story. Time will tell if Germany changes currency, but I wouldn’t count out any possibilities, right now.

Rumors are flying that Germany is in fact bringing back the Deutsche Mark.

Germany may return to their former currency, the Deutsche Mark, leaving the Euro behind. If this happens, it should make things far more interesting in Europe than previously thought. Protests about the bailouts will be long forgotten, in comparison to what could happen. If Germany bails on the EMU (European Monetary Union) right now, they could profit greatly, while at the same time, crushing the value of the Euro even more. A serious situation may be about to get much worse.

Lets be clear, we may be talking about Germany today, but it will be other countries soon. Many large countries would have to follow suit. If they don’t, they’d be cutting their own throats. Seems to me that a few countries are pulling the strings and if you aren’t a part of this special crowd, then watch out.

This is not sophisticated. Massive bailouts in Euros to smaller and financially unstable countries are happening. This act in itself devalues the currency. Then the big boys are going to start bailing out completely on the currency, dragging it down further?

So who else would be inclined to bail on the Euro? Maybe France? And that is if they don’t beat Germany to it. This could be a game of hot potato. Don’t be caught holding that hot potato when everyone starts leaving the room, or you’re going to get burned.

What will be interesting to see is how quickly this house of cards will fall if one country goes for it. Things should move very fast as soon as the first country makes their move. What can possibly come of this? Is this the end of the Euro?

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