Actually it has been Greece (and the other PIIGS) that has been keeping the Euro down. The exit of Greece strengthens the currency. I would more likely to expect it to go up. The only reason the Germans have tolerated and funded so much shenanigans is because with the depressed Euro they can keeping playing as an export economy without the normal effect of currency appreciation due to trade imbalance.
Greece bailed out the Euro on the advice of the Central Banks of Europe back in 2008.....
They have been on 3 or 4 different plans, and only get further into the hole following the advice of the European Central Bank.
It turns out the European Central Bank loan is made up largely of Derivatives. See Iceland if you do not believe me. They found out 93% of their loan from the Central Bank was from Derivatives.
Derivatives are 100% fraud! They should not be allowed because it’s money that came out of thin air of the Central Banks. It’s like me giving you a loan on money I don’t have.
My understanding of the current bank bank fractional rate is that it is at least 1000 to 1 dollar deposited in a bank. For anyone that does not understand this. It means the Central banks can loan up to 1000 dollars for every 1 actual dollar deposited in a bank.
So the banks are giving you loans on money they don’t have, via the private Central Bank, that is printing money print out of thin air. It’s supposed to be Gold backed, and the Central Banks claim they have it. However, they will not let you audit them. Hence, the “audit the Fed” movement.
It use to be 10 to on the bank fractional rate.