Historian Niall Ferguson in the UK Sunday Times suggests that the Euro is overwhelmingly in Germany's interests and they will lead deeper integration. John Maudlin's free email "Notes from the Frontline" has picked up on this for a wider audience.
I have seen others argue quite convincingly that Germany exits to a hard money zone. The "rump" of the Eurozone then devalues the core Euro, and their debts, quite an elegant re-balancing.
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