Is Germany A Threat To Europe, Again?

Word on the street is that German banks have taken huge positions against the euro and the sovereign debt of the weakest of the Eurozone countries. This would definitely explain the pressure on the euro of late. It might also explain German Chancellor Merkel’s recent evil grin.

“It could be argued that the collapse of the Eurozone partnership would strengthen Germany’s financial system because it could go back to its own currency”

Douglas A McIntyre over at