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Monday, May 6, 2013

"Father" of the euro: Save abandoning the euro!?



  • Oskar Lafontaine, former German Minister of Finance, which many had called the "founder of the euro", has warned that further use of the common European currency would bring "disaster", reports the Associated Press. According to him, the only way to out of the crisis can be found in the abandonment of the euro. "The economic situation is getting worse every month, while the unemployment rate has been increasingly questioned the effectiveness of democratic structures in Europe. Germans have not yet understood that southern Europe, including France, due to the economic crisis that is, early or later will be forced to face German hegemony, "said Lafontaine. According to him, German Chancellor Angela Merkel will "wake up from its slumber prepotent" to the troubled states will unite and solve their financial crises at the expense of Germany. "They were in vain hopes that the creation of the euro will encourage rational behavior of national economies," said Lafontaine, adding that it was catastrophic liability Spain, Portugal and Greece to make "internal devaluation". Lafontaine has been called "the most dangerous man in Europe" by the British newspaper The Sun, as in 1998 called for "the unification of Europe" and erasing national borders. Almost simultaneously with Lafontainit claims, the statement appeared to French Finance Minister Pierre Moskovic, who this weekend said: "We're done with the savings. This is a turning point in the history of the European Union, such that we have not seen that the introduction of the euro in use. dogma savings came to an end. This is the victory of the French view of the situation, "said Moskovic.

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