Eurozone is 'utterly unsustainable', blasts former Greek finance minister

Eurozone is 'utterly unsustainable', blasts former Greek finance minister
 

The outspoke politician said he fears Germany could force Greece or Portugal out of the bloc in a bid to strengthen the currency union.
But Mr Varoufakis warned such a move could release “demonic forces” and blow the entire union apart.
He told the Institute of Directors’ annual convention: “The eurozone is utterly unsustainable, the problem is structural, the architecture of the eurozone is simply not capable of sustaining itself.”
He added: “My great fear is that at the moment there are very powerful centrifugal forces within the eurozone, including the Bundesbank as part of a campaign to... read more

 
28 September 2016 in Business, Views: 41
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