If Germany is printing up an alternate currency, why did the German Parliament vote 5 to 1 to support the EFSF with a hefty contribution?
Because the German Parliament attached conditions and laws to the increase in funding that effectively mean this is the last trip to the well. Merkel won’t be able to engage in many other “stabilization” schemes without a vote from either the parliament or a general vote of the people.
Remember, the German people were never given a vote on the Euro or integration into Maastrict. It was just shoved down their throats. Other nations got a vote.
Now that bit of political high-handedness is coming back to bite the Euro project in the buttocks.