ABSTRACT

A controlled dissolution of the eurozone, initiated by a mutually agreed German exit, is not only the best strategy for Europe, but also the best strategy for helping the threatened countries. However, neither those countries nor Germany seem likely to take the initiative to start this process. The most natural candidate for this role is France as the founding father of the European integration process, and also the initiator and a victim of the euro. Another candidate for this role is Italy. If serious partners from the eurozone were to propose this, Germany’s leaders would have justified reasons to react positively, and will have sufficient arguments to convince the public that accepting such an initiative and dissolving the eurozone is in Germany’s interests. It would be better for the pro-European leaders of EU member countries to be the ones proposing the controlled dissolution of the eurozone, so that the German exit would serve the preservation of the European Union and the common market. If pro-European leaders don’t do it, it is very likely that their populist and nationalist successors will – while simultaneously destroying the Union and the market.