| ID | 125013 |
| Title Proper | Eurozone can't be saved, it must be scrapped |
| Language | ENG |
| Author | Oganesyan, Armen |
| Publication | 2013. |
| Summary / Abstract (Note) | THE HEAD OF SAXO BANK, Lars Christensen said in September last year, "the Eurozone does not need to be saved, it must be scrapped." It seems that the events on the small romantic island of Cyprus are finally consolidating this trend, which for lack of political will would be not so much administrative as cumulative and suicidal in character.
"All these officials are afraid to look the problem in the eye. The main problem is that there is one currency, but many completely different economies. Greece, with its uncompetitive economy, needs a weak currency. The German currency, obviously, should be stronger than the current euro. There is only one solution - to make more currencies. " |
| `In' analytical Note | International Affairs (Moscow) Vol. 59, No.3; 2013: p.19-22 |
| Journal Source | International Affairs (Moscow) Vol. 59, No.3; 2013: p.19-22 |
| Key Words | Eurozone ; Cyprus ; German Currency ; European Economies ; European Union ; Cypriot Economy |