Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Because they want to have their cake and eat it, too. IOW, they don't want Garmany's massive accumulated holdings of Euro-denominated foreign debt to devalue ralative to the new DM.

Remember Germany's current account surplus continues to accelerate:

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sun Nov 2nd, 2014 at 03:38:34 AM EST
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JakeS 4