Germany could go back to the deutschmark, but Greece cannot go back to the drachma.
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There is a nostalgia for the Deutschmark, but not a majority in favour of a return to it.
Less than 60 hours into the euro's life as a cash currency, and there is hardly a Deutschmark around.
Currently, effectively, weaker nations have a peg to the euro (think of that as the deutschmark, if you like).
Why, they said, if German voters had been asked, they would never have given up the Deutschmark for the euro.
The Bundesbank, once renowned defender of the mighty Deutschmark, is today just a cog in the European system of central banks.
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Supported by the Marshall Plan, the new Deutschmark superseded dubious old paintings, and even American cigarettes, as the medium of exchange.
FORBES: So You Think You Wouldn't Be Bamboozled By Lothar Malskat's Art Forgeries? [Book Excerpt #2]
However, a return to the Deutschmark would make German-made goods more expensive overseas and within the eurozone which could hurt German exporters.
France regarded the Deutschmark as an instrument of economic terror, forcing it either to shadow the Bundesbank's monetary policy or to devalue the franc.
While restoring the church, he often quarreled with Fey, who paid him a mere 110 marks a week out of the 88, 000 Deutschmark budget.
FORBES: So You Think You Wouldn't Be Bamboozled By Lothar Malskat's Art Forgeries? [Book Excerpt #2]
And remember the franc, the deutschmark, the lira, and the drachma?
Mr Draghi, the president of the ECB, was asked at his news conference whether, in effect, the ethos of the bank was now more "lira" than "deutschmark".
Germany's mighty Deutschmark, now locked into the euro, dropped even faster against the US dollar between 1995 and 1997 then it did as part of the euro during the past two years.
"After years of being subordinate to the Deutschmark, the Danes have decided to remain subordinate to the euro, economic dependence on which they cannot, for obvious reasons, escape, " it adds.
The outlook for the Northern Ireland pig sector very much depends on the strength of sterling and with the pound hovering around the 3 deutschmark level, there seems to be no immediate prospect of a return to profitability.
The Deutschmark was introduced in June.
FORBES: So You Think You Wouldn't Be Bamboozled By Lothar Malskat's Art Forgeries? [Book Excerpt #2]
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