Germany is changing its tune, but you can barely hear it above all the creaking and wheezing in the euro zone.
German finance minister Wolfgang Schauble this weekend ruled out ejecting a faltering country from the European common currency. He said the consequences would be "unforeseeable" and potentially as disruptive as the 2008 demise of Lehman Brothers.
That's a welcome sign someone in Germany is coming to grips with reality. German leaders have spent recent months criticizing the MOREColin Barr - Dec 13, 2010 6:36 AM ET
Will Germany's crackdown on speculators throw gasoline on the euro bonfire?
In a bid to tamp down speculation in volatile bond markets, Germany's financial authorities moved Tuesday to ban naked short sales of eurozone debt and the use of credit default swaps by those who don't hold the underlying bonds. Germany also banned naked short sales of the stock of 10 major financial firms, including Deutsche Bank (DB) and insurer Allianz.
Reports MOREColin Barr - May 19, 2010 6:26 AM ET
Maybe Teutonic discipline isn't all it's cracked up to be.
Fortune's Katie Benner notes today that the euro zone's crisis has given Germany a chance to throw its ample weight around. Default fears in Greece, and to a lesser degree Portugal, have sent investors rushing into both gold and its closest paper equivalent, German government debt. In an echo of the flight to safety that has sent U.S. Treasury yields tumbling, MOREColin Barr - May 12, 2010 11:01 AM ET
|McDonald's gives Charles Ramsey free food for a year|
|Where your donation dollars go|
|Why doesn't Apple cut its prices and sell more iPhones?|
|The 'chicken poop' credit and other bad tax breaks|
|Make $30 an hour, no bachelor's degree required|