[Moltke]

Let me add that with “some (here and elsewhere)” I did not mean to refer to you, Cronos. Mostly to so-called journalists and ‘pundits’.

[Cronos]

I shot off a post before reading that, sorry. However, afaik, the debt taken by Germany was not taken on for the PIIGS

Also, the Germans ought to realise that because of the Greeks etc. dragging the euro down, Germany's exports are competitively priced on the world market -- if they were still on the Deutsche Mark then it would be sky high as a rock solid safe currency (the rise of the Swiss Frank in recent months would be nothing in comparision) -- people may even have fled the greenback to buy DMs.