Matthew Feeney on Why Germany, Not Greece, Should Leave the Euro


There's much talk of Greece leaving the euro. The current Greek government has almost certainly failed to implement the austerity measures necessary for future bailouts, and the left-leaning parties of Greece continue to cling to the myth of eurozone membership without austerity. Italian and Spanish membership of the euro is also increasingly in doubt, thanks to record levels of borrowing and government spending.

Despite all the talk of eurozone exits, writes Matthew Feeney, one possibility hasn't been raised nearly enough: the possibility of a German exit. Such a move would not only be economically advantageous to Germany and the rest of Europe in the long run, it would also be one of the few morally justified exit strategies available.