BREAKING Anti-Euro Party in Germany Causes S&P to Issue Extraordinary Alert

Is this the first sign the euro will become a relic before Bitcoin?

Ambrose Evans-Pritchard informs:

Standard & Poor’s has issued an extraordinary credit alert on the eurozone, one that deserves close attention.

It warns that the rise of Germany's AfD anti-euro party calls into question the euro bail-out machinery and queries the pitch for any form of QE, stimulus that has already been pocketed and spent in advance by the markets.

It will force Angela Merkel to take a tougher line on Europe, and further complicates the management of the (already dysfunctional) currency bloc.

The rating agency said it will henceforth monitor any sign that Germany is digging in its heels on EMU matters as it seeks to head off this rising political threat. The report is written by Moritz Kraemer, head of sovereign ratings in Europe. He is German. This is not an Anglo-Saxon analysis.

Alternative für Deutschland is blowing across Germany like a tornado. The party won 12.6pc in Brandenburg and 10.6pc in Thuringia a week ago, following its success in Saxony. It has now broken into three regional parliaments. The free market FDP is being systematically destroyed. Now AfD is ripping into the Left-wing base of Die Linke as well...

 These are serious men. Attempts to dismiss them as fringe romantics, and lately far-Right rabble-rousers, are unlikely to work. AfD has for the first time given disaffected Germans a way to protest without stigma.

 --RW