“Bloomberg has suggested that, if the Greek and Irish bailouts should fail, an alternative is for Germany to leave the eurozone in order to save the currency through depreciation[175] instead of austerity. The Wall Street Journal conjectures that Germany could return to the Deutsche Mark,[176] or create another currency union[177] with the Netherlands, Austria, Finland, Luxembourg and other European countries that have a positive current account balance, such as Denmark, Norway, Sweden, Switzerland and the Baltics.[178] A monetary union of the mentioned current account surplus countries would create the world’s largest creditor bloc that is bigger than China[179] or Japan.”- After reading this i have a question, is there a possibility of a new european union. a separate currency zone of the following countries will make a much more prosperous and powerful economic entity. the baltics and finland should be excluded as they are too far away from germany but the union of the other countries could make something special. it would bring these nations closer and one day it could also result in one common country. it will be good for them and for the rest of europe as it will remove the trade imbalance if france was to run the rest. is the formation of such a union feasible in the next 20 years ??? judging by the frequent econmic collapses in europe ??? all these countries also have a common Germanic background
