I agree re: her opposition, but I wonder if Germany's 1920s nightmares would prevent it happening, if the alternative was a hard default of say italy and spain, and a rather messy reduction in the size of the eurozone?
I also agree re euro fall. But do you think that, similar to Fed printing, we would switch world markets to "risk on" setting, with commodities and markets surging? hence probably AUD increase, certainly vs euro, but quite possibly USD as well?
