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Germany and France examine ‘two-tier’ euro

Posted By admin On June 19, 2010 @ 3:59 am In Money Watch | Comments Disabled

Alex Spillius and Bruno Waterfield
London Telegraph [1]
June 19, 2010

Germany and France are examining ways of creating a “two-tier” euro system to separate stronger northern European countries from weaker southern states.

A European official has told The Daily Telegraph the dramatic option was being examined at cabinet level.

Senior politicians believe their economies need to be better protected as they could not cope with another crisis on a par the one in Greece.

The creation of a “super-euro” zone would initially include France, Germany, Holland, Austria, Denmark and Finland.

The likes of Greece, Spain, Italy, Portugal and even Ireland would be left in a larger rump mostly Mediterranean grouping.

Full article here [1]

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[1] London Telegraph: http://www.telegraph.co.uk/news/worldnews/europe/7837874/Germany-and-France-examine-two-tier-euro.html

[2] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

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