| The Euro currency project is unworkable in its current form and at the risk of “collapse”, its principal architect has warned. Professor Otmar Issing, the European Central Bank’s first chief economist who helped create the single currency at the turn of the century, has warned that the Euro cannot survive in its current form.
He said the ECB had become dangerously overextended as it tries to manage the 19 economies using the single currency. He said: “One day, the house of cards will collapse”............................................Full Article: Source
|