Gros Warns Against D-Mark Return to Solve Crisis, Welt Reports

Daniel Gros, director of the Centre for European Policy Studies in Brussels, said a return to the deutsche mark would caused Germany’s financial and banking system to “collapse completely,” Welt am Sonntag reported.

Banks wouldn’t lend money to each other anymore and the German economy would “nosedive,” the newspaper said.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.