Merkel’s CDU Votes to Allow Exits From Euro Area

Essentially, in political speak, what you have here is the CDU party giving her a mandate to split the Eurozone apart as Germany sees fit.

Nov. 14 (Bloomberg) — German Chancellor Angela Merkel’s Christian Democratic Union party voted to offer euro states a “voluntary” means of leaving the currency area.

CDU delegates meeting in the eastern German city of Leipzig for their annual party congress today backed a motion on the euro that included a clause permitting euro exits without exclusion from the European Union. They rejected an amendment that would have sought to change voting at the European Central Bank so that it is weighted according to economic size.

Continue reading article: Merkel’s CDU Votes to Allow Exits From Euro Area (Bloomberg Businessweek)

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