Connolly: Germany Should Exit The Eurozone

Anyone familiar with Bernard Connolly won’t be surprised that he is bullish on the Euro. He has recently sent out a note through Hamiltonian Associates arguing that not only is the issue of European sovereign debt not improving, but that delaying what he considers to be an inevitable crisis will only make matters worse. Connolly’s pessimistic bent “Things usually get worse, and the EMMA is no exception,” writes Connolly, reminding readers of his pessimistic bent. Comparing the current economic situation in Europe to the political situation just before World War I, Connolly thinks that this is the calm before the…