Survival of the Euro Questionable

More+Comment ♦ Published: June 26, 2012; 19:06 ♦ (Vindobona)

Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.

Survival of the Euro Questionable / Picture: ©

After the bail-out of Spanish banks and the request by Cyprus, the economist Fritz Breuss (WIFO, Austrian Institute of Economic Research) is rather skeptical on the survival oft he common currency.

„The rescue of the euro is a bottomless pit. I do not say that the euro will collapse. But I call it a redimensioning back to the German mark area, perhaps together with Denmark and…