[atlih]

Add Italy, Spain & Portugal, and your "tiny fraction" theory goes out the window. Had Germany just stayed with the Deutsche Mark the euro would be fine today and the Germans wouldn't have exported so much to the PIGS + Rest of the eurozone. Their GDP would be at most 10% less than it is today.

[zzleeper]

The only reason the Euro had any credibility was fue to Germany and the other conservative/prudent countries. A pigs euro would fail instantly.

[atlih]

What do you mean fail? You mean decrease in value? That would have been perfect, but it would have bankrupted German industry with it's sky high Deutsche Mark and noone to buy their goods in the countries with "no credibility"