launched in 1948 under Allied rule in post-war western Germany went on to replace former East Germany's "Ostmark" in 1990, during the year of German reunification.
"It can't be a taboo any more (to say) that it's an option for Germany to return to the Deutschmark
," declared Roland Klaus, the AfD's leader, and the party began its rapid rise in the polls.
Because Germany joined the euro when the deutschmark
was cheap compared to German economic fundamentals, the common currency effectively enshrined a competitive pricing edge for German producers within Europe.
If they want the Euro to be successful (and I am not convinced in its present form that it can be made to work across Europe) Germany must pull out of the Euro and revert back to the Deutschmark
and the other nations would eventually set their own rate.
What would make sense is a Deutschmark
bloc, with Germany and the Benelux countries, and the rest.
The unstated intent was to curtail the power of the Deutschmark
and to bind reunited Germany more closely to Europe.
Being a super-power she has enough clout to reintroduce the Deutschmark
The second part also has four essays which look at the question of Britain's entry into the Common Market and its effects on the Atlantic partnership, the dissolution of the Transatlantic Monetary Order, the difficulties of the Deutschmark
from 1968 to 1973, and the 1970-71 Rolls Royce-Lockheed crisis.
Summary: Berlin, June 26, 2010, SPA -- Chancellor Angela Merkel said on Saturday that German reunification had "not yet been achieved in all areas," 20 years after the East German regime adopted the west&'s Deutschmark
currency as a prelude to political unification.
"What we are looking at is the possible reintroduction of the Deutschmark
(DEM) or a transformation in the euro that would make it more comparable
The creation of the Euro 500 note was proposed by the German government to replace the former 1,000 Deutschmark
Indeed, many Germans resented the loss of their solid deutschmark
and suspected that from thenceforth, they would be carrying the weaker euro economies.