miércoles, 31 de agosto de 2011

'The Euro Can't Survive in Its Current Form'

Interview With Historian Hans-Joachim Voth

SPIGEL INTERNATIONAL
Interview by Alexander Jung and Gerhard Spörl

Historian Hans-Joachim Voth gives the euro only another five years unless the euro zone is transformed into a full transfer union with massive redistribution. The continent is too culturally different to warrant a single currency, he says, adding that it would be best if Germany and other stronger economies left the euro zone.

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