This is the Cato Daily Podcast for Wednesday, December 12, 2012.

I'm Caleb Brown.

The Eurozone is a mess and Greece is partially to blame, but instead of kicking Greece out of the Eurozone

perhaps Germany should just leave letting the monetary unit follow parts of its own

accord.

Matfini is an assistant editor at Reason 24-7 has been writing about the Euro crisis.

We spoke today.

There was a lot of talk about removing Greece from the Eurozone.

One argument that you make, and I think it probably has some legs is the idea that well Germany should be the one to leave the Eurozone because they're the ones who've done everything right

Unfortunately, there's doesn't seem to be a mechanism to leave the Eurozone.

I think it's a little simplistic to say that Germany's done everything right.

So joining the Euro was conditional on a few rules which Greece and Germany both broke, the most important of which being that

deficits couldn't exceed 3% of GDP. But that said you make a good point that

Germany is a stronger economy and it's certainly been the savior of a lot of the countries

in Europe so far.

And broadly speaking just more fiscally responsible than many of the Eurozone countries.

Sure fair enough.

But yeah I and others have said that it might not be a bad idea for Germany to consider

leaving the euro. There's I think good economic and moral cases for this. So were Germany to leave the euro there's a good chance, well it

would definitely happen that the euro would be devalued and countries that

would have it would now have a devalued euro or you know they might choose to go to their own

currencies but the advantage of this is that it would be much easier for them to

...