Bye Bye Euro? It's Back: FT Deutschland Pronounces Deutsche Mark's Return, Prices Itself At 4.11 DM

[stockholmer]

http://www.zerohedge.com/news/its-baaack-ft-deutschland-pronounces-deutsche-marks-return-sets-eurdem-exchange-rate-195

Curious what the talking heads will be discussing all weekend parallel to the joke that is the European Summit #1, not to be confused with summit #666? Here is the answer, courtesy of the FT Deutschland, where not too subtly, right next to a lede saying "the Euro rescue has turned into a farce", http://www.ftd.de/politik/deutschland/:euro-krise-es-gibt-kein-zurueck-zur-d-mark/60118880.html the publication has for the first time, set its price not in zEURo.qq but in Paul Tudor Jones' favorite currency: the Deutsche Mark, or 4.11 DM to be precise. And courtesy of the FTD, we now know the When Issued exchange rate for the EURDEM is: 1.95, the same as was locked at the EUR inception. Said otherwise, stick a fork in the euro, it's done.



http://translate.google.se/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.ftd.de%2Fpolitik%2Fdeutschland%2F%3Aeuro-krise-es-gibt-kein-zurueck-zur-d-mark%2F60118880.html

Editorial

The euro rescue turns into a farce.

Germany and France are blocking each other, the EU summit at the weekend is degraded to chat. Europe's politicians need to realize: even more hesitation leads to disaster. A plea of FTD editorial.

snip

[Bandit]

1. Forty years ago the Mark was at 3.96 marks to the dollar

Basically about a quarter apiece. Forty years later it is at 4.11, basically about a quarter apiece....

[stockholmer]

2. thats 4.11 to the EURO, not the dollar,1 Euro will buy 1.4 US dollars,a DM would buy 35 cents not 25

[enough]

3. Max Keiser is laughing. (nt)