German bank accounts should do very well in the event if the euro collapses.

This may sound strange, but slow motion bank runs (some call it “bank jog”) in  “periphery” Eurozone nations during the most recent flare-up of the Greek debt crisis illustrated that when depositors worry about pending collapse of the currency union, they withdraw cash and attempt to deposit it in countries such as Germany.  Greece imposed capital control to combat bank deposits outflows during the high-octane “debt negotiation,” and some restrictions were subsequently eased: Greeks can now send money abroad as capital controls eased

The origin of this fear is that a collapse of the euro would force countries across the Eurozone to convert their bank deposits into their national currencies.  The German economy is a major contributor toward the euro’s strength (it would be hard to imagine where EURUSD would be if the Eurozone doe not include Germany), and the new Deutsche Mark would be the strongest currency in the post-Eurozone era.  If someone already has a German bank account, they would be at greater ease relative to folks holding euro in Greece or even Italy.

Deutsche Mark – it is beautiful – and likely the dominant currency in a post-euro era.