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

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Aug. 13 (Bloomberg) -- 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