EURO - The end of EMU: How the Germans could leave

This episode explores the possibility that a private company could take Germany out of the European Monetary Union (EMU) by issuing a new German currency. The author, Julian D. A. Wiseman, describes how this company could create a new monetary system with a new currency, DEX, that would be convertible into euros. The article also explores the legal, financial and moral aspects of this operation, arguing that the action could be highly profitable for the company and could lead to the end of the euro, but also raises ethical questions about the potential loss to savers. The author concludes that, while old national currencies cannot be restored, the euro is not immune to change and that a private initiative could lead to its end. https://www.jdawiseman.com/papers/finmkts/deutsche-zentralbank2.html