Gyroscopic Investing

I know this is a pretty speculative question, but I'm looking for some thoughts on this....What happens to German bonds if Euro collapses or Germany reverts to the D-mark? Do the bonds just become denominated in the new national currency?

What is the precedent that we can look to in order to anticipate what might unfold?

Also, I'm interested to learn from those holding Euro-based PPs to know how all the chatter is affecting your adherence to the PP. What are the odds that the cash and bonds totally crash in value?

I've wondered this too... also, what's the risk of holding Euros themselves.  It's easy to see why holding Greek, Italian, or Spanish debt is risky, but not so much with a currency that may or may not be around, not as a result of hyperinflation, but as a result of simple decommission.

That's a really interesting question.  What happened when all of the European countries went from their own currencies to the Euro?  I think that is probably the most logical event to look to in order to get some sort of idea of what might happen.  Once we know that, then it's a matter of looking at a country like Germany vs. a country like Greece.  It seems like with Germany you might expect things to go smoothly...not so much with some of the countries who are much worse off.