Ken Griffin, the CEO of Citadel, has just published an op-ed in the New York Times with University of Chicago economics professor Anil Kashyap.

Griffin and Kasyap offer a simple plan to save the euro: Germany exit and reintroduces the mark.

In short, a German exit would devalue the euro, which would suddenly make the exports of the remaining countries much cheaper and more attractive to the rest of the world. This in turn would boost manufacturing and slash unemployment in the beleaguered.

The debt wouldn't disappear, but Griffin believes that a weak euro would give the most debt-laden countries more financial flexibility, giving them "needed breathing room to restructure their economies, reform labor markets, collect more taxes and reassure investors."

Here's the most powerful statement from the piece:


Griffin thinks that a German exit can be executed gradually with limited chaos.  The bottom line is that a German exit would be much better than any of the other alternatives.

Read the whole op-ed at