The Euro Is Germany's New Deutschemark

"You must tell your readers,â? says Prof Gunther Schmid, one of Germanyâ??s leading labour market experts, leaning forward over the Berlin brasserie dining table to emphasise his point. â??It will be a disaster if Britain leaves the European Union.

Even if I agreed with him, I venture, most Telegraph readers are unlikely to be swayed, but Prof Schmid persists. â??It will be a disaster for Britain, it will be a disaster for Germany and it will be a disaster for Europe. Please do your best to stop this from happening.â?

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