Phase 1 of Germany’s Inevitable Departure from the Euro has Begun

Update:  I wrote in my blog on June 6th (Andre's Intellectual Honesty: Germany’s Inevitable Departure from the European C...: ) that Germany and Southern Europe will enter a grand compromise, where Germany effectively bails out the South and in exchange the South gives up sovereignty.  Yesterday, this is exactly what was announced at the European summit.  To understand what happens from here and the implications for investing, please see my June 6th blog.