Germany may yet have to save itself

Hon. Dr Pippa Malmgren, Principalis Asset Management | 09 October 2012

At PortfolioConstruction Forum Conference 2012, I argued that Germany decided to be prepared to leave the Euro if the Euro imploded. They are good boy scouts and would always be prepared for an emergency. They were right to make this decision. Any other would be imprudent.

Once the French and others understood that Germany was prepared to pull the ripcord in the event of an emergency, it strengthene...