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Blog Posted in avatar   Andrew Moran's Blog

Former German Finance Minister: Dump the euro

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By Andrew Moran
Posted May 7, 2013 in Politics
Economic Collapse News | Ex-German Finance Minister: ‘Catastrophic’ euro should be scrapped, economy worsening
"Former German Finance Minister Oskar Lafontaine, who helped launch the euro in 1999, is warning that the economic situation is getting worse with each passing month, which is why the single failed currency should be scrapped in order to allow nations in southern Europe to recover.
"The current course is “leading to disaster,” according to the former German minister. With the economic situation depleting and unemployment levels threatening democratic states, such as France, Italy and Spain, Lafontaine believes euro countries will be 'forced by their current misery to fight back against German hegemony sooner or later.'
"Iterating his remarks on Germany’s Left Party website, Lafontaine took aim at Chancellor Angela Merkel and predicted that once Germany becomes a victim of the present crisis then will she finally “awake from her self-righteous slumber.”

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