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German Finance Minister Wants To Trade Puerto Rico For Greece, Another Great Deal For Germany

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Mark Melin
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That Wolfgang Schaeuble, he’s such a jokester. The German finance minister took time out of his busy day of applying the boot of pressure to the economic throat of the Greek economy to tell U.S. Treasury Secretary Jack Lew that he would trade Greece for Puerto Rico.

Trade Puerto Rico for Greece: Another deal that benefits Germany

“I offered my friend Jack Lew these days that we could take Puerto Rico into the euro zone if the U.S. were willing to take Greece into the dollar union,” Schaeuble was quoted as saying at an event in Frankfurt Thursday. Lew, the U.S. Treasury secretary, “thought that was a joke,” he was quoted as saying/joking in a Bloomberg report.

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.