Saturday, 8 September 2012

Professor Wilhelm Hankel: Single Currency is Tearing Europe Apart

Professor Wilhelm Hankel, a euro critic now and before its implementation, explains why the euro simply hasn't and will not work. Personally I don't agree with him suggesting going back to having a foreign exchange rate union. But spending just under 11 minutes watching the whole video is time well spent indeed as he identifies the fundamental issues with the euro and fiscal union in a clear and simple manner.

Here is what professor Hankel said about the euro in 2005: Dr. Wihelm Hankel on why the euro system is unsustainable.

No comments:

Post a comment