Why it’s time for Germany to leave the eurozone


FRANKFURT, GERMANY - JULY 06: The Euro sculpture, near the old ECB headquarters, undergoes maintenance on July 6, 2015 in Frankfurt, Germany. The DAX dropped slightly in the morning though investors remain cautious as the consequences of the referendum remain uncertain. Greeks voted in a strong majority against the reform plan proposed by the troika of the European Central Bank, the International Monetary Fund and the European Commission in a move that many fear will lead to a departure by Greece from the Eurozone. (Photo by Hannelore Foerster/Getty Images)

Germany’s finance minister, Wolfgang Schauble, has drawn opprobrium and praise in equal measure for his suggestion that Greece takes a “time-out” from the eurozone.

In proposing that Greece could be better off outside the euro, the irascible 72-year-old crossed a political rubicon: he confirmed that the single currency was “reversible” after all.

But having broken the euro’s biggest taboo, commentators have now suggested that it should be Mr Schaeuble’s Germany, rather than Greece, that should now take the plunge and ditch the euro.

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