germany posesses more gold than the combined restof the eu.
there is a reason why state owned gold is also called "WARCHEST".
there also is a reason why germany brings this gold home.....
they know what is to come.
Quoting: Anonymous Coward 35080848 Truth is, that in july 2012, Herr Schaeuble had a little visit, from his "friend" the US finance minister Geitner, on his little island called Ruegen.
One week after, Merkel went back from her crisis meeting empty handed, pushed through the n+1 greece rescue package and Draghi uttered his magic words.
One thing is for sure, in this poker, Germany has the most to loose:
1) going back to DMark would mean the Bundesbank would need to go on overdrive to bring down its value (similar to the swiss today).
2) Exports would break in with all the negative consequences for the german economy and the budget
3) Germany would be politically marginalized.
France would probably lend money, inflate at 10 % and wait a decade. We do not have our money in assurances, here people invest in bricks, stones and walls.
