France leaving (and the mere suggestion by Sarkozy that he might do it, although it is highly unlikely that he would have, was enough to lead to the one time Merkel showed more flexibility) would be such a catastrophe for the German economy that even your awful political class may well find the resolve to stop lying to its population for a minute and make the case for changing the rules.

Staying as it is is an impossibility, so pointing it out should hardly weaken the banks more than they would be in the long run anyway.
Although we would not hit the long run in any case: if no party makes the case that it is not an at all costs thing, then you'll have le Pen winning an election. At this stage your choice is a military coup, or an uncontrolled exit.

I am not saying it is easy, and that is an extra reason for not stating it as an absolute yes or no. But by saying yes, whatever, you have far worse consequences than by admitting that it is not so straightforward. We are many years behind the curve and if we don't bend Germany soon, a whole generation and then some will have been sacrificed, for no eventual gain as the ultimate point will be the same: ordoarithmetics do not work.


Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi