BERLIN (MNI) – The head of Germany’s Ifo economic research
institute, Hans-Werner Sinn, sees no end to the Eurozone’s sovereign
debt crisis.
“One has to fear that the current account deficits will remain for
a longer time and that the debt crisis in the southern [European] states
will worsen again,” Sinn told German business weekly Wirtschaftswoche in
an interview published Monday.
The peripheral Eurozone countries have not yet been able to improve
their competitiveness sufficiently, he argued.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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