Reuters reports German leaders are feeling a lot of pressure generated by their open-arms welcome of a million or more MENA (Middle East and North Africa) refugees. There is talk they might close their borders and drop the euro in favor a a new deutchesmark.
How much of this is scare-mongering and how much a serious evaluation of the situation is unclear at this point. They've made comments like "without Schengen there is no point in the euro,"
It should be an interesting year in Europe. They've been living in a U.S.-subsidized dream world and perhaps that is about to end, we hope not in warfare.
