German euro founder now calling for its break up
Oskar Lafontaine, the German finance minister who launched the euro, has now called for its break-up in order to let southern Europe recover.
Ambrose Evans-Pritchard of The Telegraph does the reporting:
- “The economic situation is worsening from month to month” says Lafontaine
- Lafontaine blames much of the crisis on Germany’s wage squeeze to gain export share
Source: The Economist