Euro 'house of cards' to collapse, warns ECB prophet
The European Central Bank is becoming dangerously over-extended and the whole euro project is unworkable in its current form, the founding architect of the monetary union has warned.
"One day, the house of cards will collapse,” said Professor Otmar Issing, the ECB's first chief economist and a towering figure in the construction of the single currency.
Prof Issing said the euro has been betrayed by politics, lamenting that the experiment went wrong from the beginning and has since degenerated into a fiscal free-for-all that once again masks the festering pathologies.
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Professor Issing is an expert and well worth listening to, unlike Atilla, who is no expert, although pretends to be
I'm so pleased that prof Issing has come around to the Brit's point of view, that the EU is fundamentally flawed and will collapse. As with everything, timing is a bihatch !!!!
Brexit means Brexit