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

More here: German euro founder calls for ‘catastrophic’ currency to be broken up

h/t @aussietorres

Source: The Economist

Source: The Economist